A report into market sentiment has revealed that more than a quarter (28 per cent) of organisations in the South West have made redundancies in the last year.

Commissioned by accountancy and business advisory firm Monahans, the South-West Market Research Report shows that businesses of all sizes have faced a series of challenges in the last 12 months.

The report was undertaken by Atomik Research, surveying management teams, senior executives, and business owners at more than 300 enterprises.