Smaller firms set to increase capital spending

Small and medium-sized firms in the UK are set to invest over £45 billion on upgrading equipment and increasing efficiency according to a survey by GE Capital. This represents a 23% increase on investment plans set out in a previous survey in the first quarter of 2012. The survey also claimed that losses made by UK firms due to out-of-date or inefficient equipment were significantly higher than in other European countries. John Jenkins, chief executive of GE Capital UK, said: “After a period of under-investment brought on by broader economic uncertainty, it’s good to see UK businesses once again looking to increase investment in capital expenditure and creating new jobs.”

Read more on the survey at:
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