Suffolk Chamber Economy Group Drives Forward Economic Initiatives

The Suffolk Chamber Economy Group convened on the 13th of February, bringing together its dynamic membership for an insightful session.

As a crucial component of Suffolk Chamber's thematic policy groups, the Economy Group continues to excel in facilitating effective knowledge transfer, holding external policymakers accountable, and scrutinising initiatives while actively supporting the progress of relevant Chamber campaigns, member organisations and business community.

The meeting showcased a line-up of speakers, including Jonny Hazeldine, Policy Manager of the British Chambers of Commerce (BCC), who provided valuable insights into the current national monetary and fiscal landscape and the expectations surrounding the upcoming Spring Budget.

Dr. Kakia Chatsiou, Lecturer in Computing at the University of Suffolk's School of Technology, Business, and Arts, shared her perspective on the significant opportunities that Artificial Intelligence (AI) presents for Suffolk's economic growth. Dr. Chatsiou highlighted the importance of addressing key issues such as job displacement, privacy, and misinformation for realizing AI's full potential.

Steve Elsom, Chair of the R&D Tax Relief Task & Finish Group, presented interim findings and emerging lobbying asks related to HMRC capacity and capability issues, emphasizing their impact on local SMEs. The group's comprehensive report, scheduled for release in March, will be forwarded to the BCC, MPs, ministers, and shadow ministers to advocate for necessary reforms.

Paul Simon, Suffolk Chamber's Head of Public Affairs, outlined strategic plans for the upcoming General Election. These plans include campaign platforms rooted in the Chamber's various thematic groups and engagement/hustings initiatives designed to scrutinize Parliamentary candidates and their positions.

Chaired by Matt Moss, the Economy Group remains open to all Suffolk Chamber members interested in contributing to the region's economic development.

For further information about the group, visit the Economy Hub.