The inaugural Q3 findings reveal that UK businesses are increasingly confident about growth, with planned investment in Q3 rising by 1.4% year-on-year. Post-Budget, nearly half (46%) of businesses have resumed previously paused investment plans, and 37% are more likely to seek additional funding.
Matt Hammerstein, CEO of Barclays UK Corporate Banking, expressed cautious optimism: "Our data shows many businesses are ready to kick-start growth by seeking the funding they need. The availability of our £22bn Prosperity Fund will support business investment and help drive economic prosperity."
The Q3 survey highlights financial resilience and a strong appetite for investment, with the primary focus on staff training (44%) and R&D (35%). Despite ongoing pressures, 61% of business leaders expressed confidence in the UK economy's direction.
However, workforce shortages remain a critical challenge, with 62% of businesses citing skilled labour shortages. The issue is most pronounced in Scotland (92%), Yorkshire and the Humber (90%), and the West Midlands.
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