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Leading entrepreneurs look to increase headcount in 2011

Leading entrepreneurs look to increase headcount in 2011
Some two thirds (66%) of leading entrepreneurs interviewed1 by Investec Specialist Private Bank (Investec) said that they intend to increase the number of people they employ in 2011, with 6% expecting to see their headcount rise by over 20%. Only 12% anticipate that the number of people employed in their UK businesses will fall this year.

Percentage change in headcount over the next 12 months

Percentage of leading entrepreneurs interviewed who expect the headcount in their UK businesses to change by this amount in 2011

Increase by over 20%


Increase by between 16% and 20%


Increase by between 11% and 15%


Increase by up to 10%


Remain the same



Ed Cottrell, Investec Specialist Private Bank said: We are not surprised by these findings because our research reveals that of the leading entrepreneurs we interviewed, 56% expect the UK economy to improve over the next 12 months, and only 19% expect it to deteriorate.  This helps explain why 44% plan to launch new ventures in the UK during 2011.
Given the expansionary plans of many leading entrepreneurs, Investec is looking to lend in excess of 1 billion over the next 12 months to people who have a strong track record in their sphere of business.  This is more than the bank lent in 2010 or 2009.
Investec works with successful entrepreneurs, management teams and private equity houses to provide finance of typically between 5 million and 30 million to UK mid-market enterprises.


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