YORKSHIRE bosses are harbouring ambitions to expand their businesses.
A third of small and medium-sized firms polled in the region by Barclays Business said they would use financial investment to expand into new markets.
A fifth of firms said they would use it to buy new equipment.
However, 32% of SMEs in Yorkshire are more nervous about debt since the start of the downturn.
Amanda Shepherd, regional director for Barclays Business in Yorkshire, said: “Our research suggests some entrepreneurs, particularly larger SMEs, may be harbouring ambitions to expand their business.
“It is particularly encouraging that SMEs would invest additional finance in expanding into new markets or purchasing new equipment as it indicates a real focus on growth and level of confidence for the year ahead.
“Barclays continues to agree four out of five business lending applications, so the evidence is clear – we’re open for business for lending.”
She said: “Recently we agreed with others in the finance industry to create the capacity to support gross new lending of £190bn to UK businesses, including SMEs – and we would be willing to lend even more if demand from viable businesses is there.”