I would like to congratulate all the businesses awarded this year’s Queen’s Awards for Enterprise. It is an important recognition of the contribution businesses like yours make to the UK economy.
In any ordinary year, this contribution is remarkable. However this has been no ordinary year. The Covid pandemic and the economic shock it unleashed caused the sharpest fall in UK GDP for over three centuries. The fallout has been incredibly challenging for businesses and their workforces up and down the country.
In response, the Bank of England acted decisively, putting in place a package of measures to keep firms in business and people in jobs, and limit the long-term damage to the economy.
Whilst this support has helped many viable businesses survive long periods of economic interruption, the fact that so many have found a way to operate despite these unprecedented challenges is a testament to their ingenuity, as well as the fundamental value of their products. It is these attributes, as well as many others, that these awards recognise. As such, I’d like to warmly congratulate this year’s winners for your valuable contributions to the UK economy, and wish you every success in the period to come.
Andrew Bailey Governor of the Bank of England
www. queensawardsmagazine .com
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