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Figures show lending to recruitment firms increased in 2010 PDF Print E-mail
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Latest Recruitment News - Office Recruitment News
Written by DirectNews Feed   
Thursday, 16 December 2010 00:00
Figures show lending to recruitment firms increased in 2010Companies looking to help organisations recruit personnel for roles such as finance jobs in London have benefited from an increased amount of lending from one financier, new figures have shown.

According to data published by Lloyds TSB's Commercial Finance division, recruiters were provided with an average of £250 million throughout this year, online resource Recruiter reports.

Meanwhile, the turnover of such organisations has also gone up by around 20 per cent in 2010, which could be taken as an indication that the sector is beginning to recover from the global economic downturn.

Stuart Talbot of Lloyds TSB told the website that 2011 will still present challenges for firms in this arena, but added: "We remain committed to working with our clients wherever possible and looking to grow our position still further."

Meanwhile, research by Orange recently showed that 26 per cent of the UK's smaller businesses are planning to recruit more staff next year than they have in 2010.

Posted by James Strang
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