Firms are ‘in favour’ of staying in the EU

Around two-thirds of Derbyshire firms are in favour of the UK remaining in Europe but want domestic power transferred back to Westminster, according to a survey.

Derbyshire Chamber of Commerce carried out the study after local council election results showed growing discontent over Britain’s membership of the EU.

Nationally, the Conservatives are to publish a draft parliamentary Bill for an ‘in or out’ referendum on Britain’s membership of the European Union to be held before the end of 2017.

George Cowcher, chief executive of the Chamber, said: “While there are elements of the UK’s membership of the EU that need addressing – such as the endless tide of new regulation, red tape and financial burden - the Government cannot afford to take its eye off the ball in terms of domestic business growth and economic stability.

“Europe will always be a key part of that.”