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Capex: A tool for transformation

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Our HSBC UK Capex 2022 survey charts the current sentiment of UK businesses, by exploring their capital expenditure intentions and strategic priorities.

The summary report findings show

  • Rising inflation and supply chain disruption are frustrating businesses with the ambition and the capital to invest
  • Digitisation and automation are climbing the list of priorities
  • Securing the right workforce for the next phase is a key focus – driven by the tight labour market and up-skilling for new tech
  • UK businesses are fully embracing the drive for sustainability to maintain trust and win new business.

We’ve seen some striking changes in business mindset, with a significant rise in those who see digitisation and automation as priorities. Some are turning to business process transformation to gain efficiencies in a tough financial environment.

Sacha Balachandran | Head of HSBC Equipment Finance, HSBC UK

The survey results reveal

  • 45%

    of businesses expect their capex spend to go up this year, up by 9% on 2021
  • 67%

    of businesses see future workforce skills as an important area for capex spend
  • One in 10

    businesses are prioritising plans to invest in the metaverse
  • 51%

    of UK businesses say environmental sustainability is an important area for growth – up by 19% on 2021
  • 55%

    see technology and digital as an important investment focus – up 15% since 2021

You can read the full report by downloading the PDF here.

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