MOST Huddersfield firms are upbeat about their prospects, it is claimed.

But a large majority expect to see no benefit to their businesses from an extra £10bn in funding which has been promised by the banks.

A survey conducted by TaxAssist Accountants in Huddersfield showed that 56% of local firms expect to see their business grow in the next 12 months.

But 81% said they did not expect to benefit from the banks’ recent pledges to support small businesses while 74% believed employment law needed to be simplified.

Only 23% of local businesses think they will be able to recruit new staff in the coming year.

On business regulation, respondents highlighted employment law, health and safety and planning as the areas they would most like to see simplified.

The survey was part of a national poll undertaken by TaxAssist Accountants in partnership with Norwich North Conservative MP Chloe Smith. The results will be presented to the House of Commons to support calls for changes to business regulations affecting smaller firms.