What is the plan of UK Mid-Sized Businesses to Spearhead Growth?

A new survey has revealed that mid-size businesses plan to hire more employees and invest in their expansion plans in the coming months. Accountancy and advisory firm BDO interviewed 500 medium-sized business leaders across Britain for the survey. As the businesses prepare to reopen with easing of lockdown restrictions across the nation, 86 per cent of the respondents were looking at recruiting more staff in the next six months. In fact, 54 per cent of businesses surveyed were planning to hire permanent staff. Nearly three-quarters of businesses based out of Humber, Yorkshire and Central South said that they will be adding permanent staff. Most respondents felt that they had enough government support for the year ahead.

The survey also highlighted that the business hiring got a major fillip by the UK Government’s £3,000 apprenticeship grant. Around 36 per cent of the businesses surveyed said that they would recruit apprentices as a direct result of this incentive.