YORKSHIRE is continuing to perform well across many sectors compared with other parts of the country, according to the latest research by business group R3.

Last month the region’s manufacturing sector had the lowest percentage of businesses at higher than normal risk of any of the 12 regions surveyed. It was also among the strongest in hotels, pubs, technology and IT, construction and agriculture, all of which had lower levels of businesses at higher than normal risk than the national average.

Only 2,379 of the 12,876 active manufacturing firms in Yorkshire were identified as being in the overall negative band. This is equivalent to 18.5 per cent of manufacturers in the region, well below the UK-wide figure of 21.2 per cent.

Sectors where the region fared less well include transport and haulage, restaurants, professional services and retail. Overall, 49,813 businesses in Yorkshire were deemed to be at higher than normal risk, 23.4 per cent of active businesses in the region, slightly above the national figure of 21.5 per cent.

Adrian Berry, chair of R3 in Yorkshire and restructuring partner at Deloitte LLP, said: “While it is good news that the region is holding its own in many sectors, with our specialism in manufacturing in particular continuing to drive the local economy, it is worrying that almost a quarter of firms in the region are considered to be at higher than normal risk.”