Over the next year, 65 per cent of businesses plan to expand their operations.
Such is the finding of the Confederation of British Industry and KPMG London Business Survey, which discovered that of these, 36 per cent want to grow outside of the UK.
A larger proportion - 43 per cent - intends to increase their number of
London offices.
When questioned about recruitment, fewer organisations are making redundancies and 57 per cent claim to be hiring as normal.
This is compared to six months ago, when 45 per cent were asking people to join their
London offices and other bases.
Commenting on the poll, KPMG chairman Richard Reid said he was pleased to discover that "investment and expansion plans are back on the agenda for an increasing number of London businesses and particularly in the [small and medium-sized enterprise] sector, which will play a vital role in getting the economy back on its feet".
One area businesses might like to expand into is Midtown, which is increasingly coming to the fore as a prestigious base strategically located between the West End and the City.
Midtown consists of St Giles, Bloomsbury and Holborn and could enjoy more affordable rents than its neighbours, which have seen prices rise recently.
Posted by Sarah Dudley
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