THE MAJORITY of the region's small and medium sized enterprises are expecting to invest in their businesses this quarter, according to new research.

Independent funder Bibby Financial Services surveyed 1,000 businesses in Yorkshire and the Humber with a turnover of up to £25 million as part of its SME Tracker and 66 per cent said they will invest in the three months up to October.

Over a third plan to invest in technology and equipment (34 per cent); over a quarter (28 per cent) said they will recruit new staff and nearly a third (31 per cent) said they would invest in employee training.

Mark Storey, managing director for Bibby Financial Services Yorkshire and Humberside, said: “"hese results are positive as they show owners and management teams investing in the long-term future of their businesses.

"The increase in those investing in new premises is a clear indication of these plans and it’s likely that the effects will be felt later in the year, which could spell more positive news in terms of GDP as we lead-up to 2015."