Businesses in the East lead UK economic recovery
The latest information released by the Federation of Small Businesses continues to point towards the burgeoning economic recovery in the East of England.
In their nationwide survey of 3000 small companies carried out in early February, optimism in the UK economic recovery was strongest in the East of England, with a Small Business Index score of +51; well up from +12 in the same quarter a year before. The quarterly survey shows 15 per cent of respondents from across the UK wish to take on more people in the coming quarter and 11 per cent have increased staff in the previous three months. Regionally, the East of England and the West Midlands lead the way, with 15% of respondents in both areas creating jobs in the previous quarter.
“Once again we see confidence on the up – and small firms leading the way in job creation. There is no doubt small businesses are pushing us further towards economic prosperity and it’s so important to retain this momentum,” said FSB Chairman John Allan.
Finance & Accountancy recruitment firm Big Sky Additions echoed the survey’s findings by reporting high levels of activity in their specialist area of accountancy jobs in Norfolk: “It’s certainly been a busy period for us and there are many positive signs moving forward as clients look to grow their businesses and recruit new talent,” explained Big Sky Additions’ director Sam Holt.
One example of a Norfolk business enjoying continued growth is LT Pub Management, the leading pub management company with responsibility for over 1,100 pubs nationwide. This company has seen tremendous growth in recent years winning lucrative new contracts with high profile restaurant chains as well as developing their pub portfolio. “LT Pub Management is one of our longest-standing clients – we have been supporting their recruitment plans for eight years, recruiting for a range of temporary and permanent accountancy roles, including their Finance Manager, part qualified financial accountants and various clerical accounts staff,” explained Sam. “Its great to see the business continuing to grow in 2014 to build on the momentum experienced last year”
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