Contractors based north of the border will be pleased to hear that Scotland’s small businesses could create up to 40,000 new jobs over the next year.
These latest findings from Clydesdale Bank will come as good news for both contractors and those with their own businesses, such as Limited company owners.
For contractors there will be increased job opportunities, and for smaller businesses, the fact that they are able to create more jobs means that they must be experiencing increased optimism with regards to their future prospects.
Of the 800 UK smaller businesses surveyed, 43% of Scottish SMEs (small and medium-sized businesses) said that they are planning to add to their workforce during 2014.
Clydesdale Bank found that on average, the UK’s SMEs predict that they will be hiring 2.9% more staff this year; this means that as many as 417,000 new jobs could be created across the entire country.
Scott McKerracher, regional director for business and private banking at Clydesdale Bank East of Scotland, commented on the findings, “As the UK economic outlook continues to improve, we are starting to see a positive impact on recruitment plans.
“Increasing staff numbers can help businesses to boost productivity and competitiveness, and allow expansion into new markets as capacity grows. Creating new jobs is also good for the economy as a whole.
“While our research suggests that many businesses are becoming more confident about investing in their future, it is important that we recognise there remain considerable challenges to growth.
“Access to funding is crucial to achieving growth aspirations. We want UK businesses to know that our door is open to well managed businesses with strong growth plans.
“SMEs are crucial to the UK economy and its emerging recovery and we will continue to support them in 2014.”
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