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SCC EU Survey: Balance of Scottish business opinion continues to favour remaining in EU

Balance of Scottish business opinion continues to favour remaining in EU

  • Final SCC pre-referendum survey shows that, with less than 50 days to go, a majority of Scottish businesspeople surveyed (68%) say they will vote for the UK to Remain in the European Union
  • Voting intentions have narrowed marginally amongst the businesspeople surveyed – with Leave now polling three points higher (22%) than in the SCC’s February survey
  • Previous survey in February had Remain on 69%, Leave with 19%, and 9% don’t know
  • The vast majority – 90% – of those businesspeople surveyed by the neutral business organisation are now unlikely to change their vote

90% of the senior businesspeople polled in a major new Scottish Chambers of Commerce survey say they are unlikely to change how they will vote before the June 23rd referendum.

SCC’s detailed findings indicate that 68.3% of businesspeople polled would vote to Remain, down slightly from 69.4% in February 2016, and 22.9% would vote to Leave – up from 19.2% on SCC’s previous survey.

The data on voting intentions also shows some divisions based on size and export interests. Those trading with both EU and non-EU markets express the strongest support for ‘Remain’, with the strongest levels of support for ‘Leave’ among those that either do not export or only export outwith the EU. Businesspeople representing medium and large firms are more likely to vote ‘Remain’ than those in small and micro businesses.

The findings, from an April 2016 survey of 357 leading businesspeople, also show that individuals are now strongly committed to their voting preferences. Just 0.3% of respondents said they were uncommitted, and only 9.7% said they could change their mind.

Commenting on the results, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said:

“With the Scottish Elections now over and less than 50 days to go until the electorate decide the UK’s status within the European Union, both campaigns are ramping up their visibility and messaging to secure the ‘business vote.’

“From a Scottish perspective, of those surveyed, a high number of businesses (68.3%) support the option to remain within the European Union.  This position changed minimally by 1% point from the previous survey in February, whilst those voting to leave generated a 23% response, an increase of 3% from February’s result.

“Interestingly, the views in the rest of the UK are tightening, with the gap closing between the Remain and Leave votes, with 54% supporting and 37% wishing to exit. 

“The majority of businesses who took part indicated they would not be changing their views.

“Once the vote has been taken, we would again urge both the Scottish and Westminster Parliaments to get back to running the Country ensuring that every piece of policy and legislation is supporting business growth.  Delays have already impacted our economic growth and urgent action is needed”.

Key findings in the survey: Click here to see the full voting statitics 

BUSINESS IMPACTS

  • The majority of business leaders report that the referendum has had no impact to date on various aspects of their business, from orders and sales (76.5%), recruitment (88.1%), and investment (78.7%), to total costs (79.8%)
  • If the UK were to leave the EU, 36.1% currently expect this would have a negative impact on their overall growth strategy (down slightly from 40.9% in February’s survey), 41.1% feel this would have no impact (down slightly from 42% in the previous survey), while 9.2% believe it would have a positive impact (up slightly from 8.5%)
  • Asked for the first time about the impact of remaining a member of the EU, 9.4% currently expect this to have a negative impact on their overall growth strategy. A majority (53.2%) feel it would have no impact, while more than a quarter (28.9%) believe it would have a positive impact.

VOTING INTENTIONS

  • 68.3% – a majority – of business leaders would vote to stay in the European Union, should the vote take place tomorrow. 22.9% would vote to leave.
  • This is a slight narrowing from the previous survey in February, which showed a 69-19 split in favour of Remain.
  • 90% of those surveyed are committed and unlikely to change their mind – just 9.7% could change their mind, while 0.3% are uncommitted.