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Steve Harcourt

President of Coventry & Warwickshire Chamber of Commerce

As we approach the midpoint of 2025, the economic environment — both globally and closer to home — remains a landscape of both challenge and opportunity. While we continue to adapt to the aftershocks of inflationary pressures, increased national insurance contributions for employers, and shifting geopolitical dynamics, our business community in Coventry and Warwickshire continues to show remarkable resilience and adaptability.

Globally, the outlook is mixed. The recent US Tariffs imposed by President Trump caused concern with many of our exporters and importers, and a shock to the markets. Businesses worldwide are being called on to innovate at speed while managing risk with unprecedented agility. Here in the UK, we’re seeing signs of cautious optimism. As a Director of Prime Accountants Group, we’re proud to partner with the Chamber of Commerce on the Quarterly Economic Survey (QES) in the region. The latest QES results show continuing optimism, and the recent Spring Budget included some measures to support business investment and skills development. However, concerns around workforce & skills shortages, rising operating costs, and regulatory uncertainty — especially for SMEs — continue to dominate conversations.

In Coventry and Warwickshire, our strength lies in our diversity. From advanced manufacturing and digital technologies to the vibrant tourism and retail sectors across our towns and rural areas, we have a broad and dynamic business base. Examples of the resilience shown by local firms in navigating supply chain pressures, evolving their business models, and investing in talent and innovation has been truly commendable. Yet, we are not immune to the broader challenges. Many of you are telling us that access to skilled labour remains a critical issue. Others highlight the need for improved transport infrastructure, more flexible support for start-ups, and a planning system that genuinely enables growth. These are issues the Chamber continues to raise at the highest levels — making sure your voice is heard by policymakers regionally and nationally.

Our Local Business Forums — which take place right across the region — are proving vital platforms for sharing insight, shaping local priorities, and fostering collaboration. I urge you to take part, contribute your experiences, and help us shape a more vibrant future for our local economy. Despite the headwinds, I remain confident. This region has weathered many storms, and with diverse business base, a commitment to partnership, and a relentless focus on innovation and skills, I believe Coventry and Warwickshire will continue to be a driving force of the UK’s economy.

Finally, as Chamber President I am delighted to be hosting our Annual President’s Golf Day once again this year on Thursday 19th June at the Coventry Hearsall Golf Club in Coventry. As well as a great networking opportunity, I am pleased that we will be raising vital funds for Coventry, Warwickshire and Worcestershire Mind. If you haven’t secured your place yet, speak to the Chamber Team to get booked on!

Steve