Business confidence amongst Central Coast businesses is strong thanks to increasing sales revenue, but record operating costs are eating away at the gain.

Welcome to the October e-news. 

I can’t believe I’m saying this, but we are on the run towards Christmas already! I’m sure you’ll agree that 2017 has been a busy year. 
 
Earlier this month, we elected our new Central Coast Regional Advisory Council. To find out more about our new advisory council president, Frank Sammut, I recently met with him to discuss the Advisory Council, and the region more broadly. You can watch the video here.
 
I was also interested to read the results of the Chamber’s most recent Business Conditions Survey. Business confidence across NSW and indeed the Central Coast is strong on the back of increasing sales revenue. However, these gains are being eroded by record high operating costs. It is no surprise that this significant increase to doing business is as a result of the soaring energy prices. Whilst business are already doing a lot to reduce energy costs with almost two thirds (64%) of survey respondents reporting they had negotiated a better deal with their provider, and implemented energy saving projects, we believe that governments need to recognise the impact that high energy prices are having on business, and should be implementing a package of measures to ease cost pressures in the short term.  Don’t miss our story on energy pricing elsewhere in newsletter
 
An upcoming highlight is the Central Coast Business Economics Breakfast (with thanks to our Major Partner - UON Central Coast), which be held in Tumbi Umbi on Friday. At this breakfast, we will hear from our special guest, the Premier of New South Wales - Gladys Berejiklian. For those who cannot attend, I look forward to updating you all on how the event goes.   
 
Finally, the excitement is starting to ramp up, with NSW Business Chamber’s State Annual Awards just around the corner. On November 17 some of  the finest business representatives from the Central Coast will go head to head against other outstanding businesses from across NSW. We are incredibly proud of all the businesses here in the region, and I want to wish all of our regional winners who will be competing in the state finals good luck!
 
Regards,
 
Daniel Farmer
Regional Manager, Central Coast NSW Business Chamber
Governments need to recognise the impact that high energy prices are having on business, and should be implementing a package of measures to ease cost pressures in the short term.