The Business Climate Survey was first launched in 2003 and is conducted every two years. The importance of the Business Climate Survey cannot be understated. It provides a platform for businesses to provide key feedback to us regarding the health, confidence, intentions and issues of local businesses, with the latter being especially significant. The results of this survey shape our Business Plan in the short and medium-term, making the corporation more relevant and effective in encouraging the development of the Falklands economy.
The 2018 edition of the Business Climate Survey was distributed to a total of 254 businesses across the Falkland Islands, including Stanley, Camp and MPC, and all industries on Monday 2nd April 2018. The closing date of the survey was Monday 30th April 2018, providing a total of four weeks for businesses to complete the survey. A total of 107 businesses submitted a completed survey providing a return rate of 42%.
FIDC was partnered by two local business associations to produce the 2018 survey; the Rural Business Association (RBA) and the Falkland Islands Chamber of Commerce. This partnership involved the review of the question list and assistance in the distribution and promotion of the survey. The Chamber of Commerce and RBA were both able provide conclusions, which can be read on pages 40-42.
On the 11th July 2018, FIDC and the Chamber of Commerce held a business breakfast briefing to present the key results of the Business Climate Survey. You can download the survey report here;
Business Climate Survey 2020
The aim for the next edition of the survey is to increase the response rate to ensure the results increasingly represent the Falkland Islands business community by working on distribution and promotion of the survey. With consultation with our survey partners, we will endeavour to ensure that the questions are focussed and attempt to reduce the time it takes for respondents to complete the survey.