SMEs expect growth if skills shortages can be tackled

The latest Manufacturing Advisory Service (MAS) Barometer of over 700 respondents reveals that 43 per cent of companies questioned have seen an increase in their order books over the past six months - up four per cent on the previous survey - with 62 per cent expecting sales turnover to grow between now and June 2013.

Growth predictions are mirrored in intentions to hire new staff (up seven per cent to 39 per cent) and increase investment in new premises and machinery (up 3 per cent to 44 per cent).

Lorraine Holmes, area director for MAS in the North and West, said, ‘Our companies are sending out a powerful message and highlighting their determination to explore new opportunities in 2013 following a year of global consolidation in 2012.’

The specialist focus for the latest MAS Barometer was on market knowledge and skills, with respondents asked to reveal their biggest barriers to training and recruitment.