Almost half of businesses in the Midlands plan to increase their workforce over the next 12 months, according to new research.
A total of 49 per cent of firms asked by Yorkshire Bank researchers said they were considering bringing in new staff.
And more than a third of companies in the region are confident their business will grow in the next 12 months, while 36 per cent believe their business will continue to operate at current levels.
The survey also found 52 per cent of business in the region intend to recruit skilled staff, while 26.4 per cent are looking to recruit manual workers.
Despite improving confidence levels, however, 23 per cent of businesses still expect to see a reduction in business in the next 12 months while 22 per cent of businesses in the Midlands expect to reduce their staffing levels over this period.
Stephen Cronin, managing partner at Yorkshire Bank’s Financial Solutions Centre in Temple Row, Birmingham, said: “These results are encouraging and suggest that a growing number of businesses are starting to look to the future with more confidence and are looking to build the framework they need to develop their operations.”