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Latest NewsEconomics, government & businessSkills shortages

Small UK firms face skills shortage

by Mike Berry 18 Jul 2005
by Mike Berry 18 Jul 2005

Smaller firms in Britain are finding it more difficult to recruit skilled staff than their counterparts in other European countries, new research shows.

A survey of more than 400 small to medium-sized organisations found that the problem is particularly acute in Wales and the Midlands.

More than 40% of British firms polled by financial services firm GE Commercial Finance said finding skilled staff is a “major concern”, compared with fewer than 20% in Germany.

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But British firms have more confidence in their national economy and are less concerned about the threat posed by competition from low-wage countries.

The research was conducted in Britain, Germany, Italy and France.

Mike Berry

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