Turnover growth in sight

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Businesses in Yorkshire and Humber expect to double their annual turnover over the next five years, according to research by Santander Corporate Banking.

The bank surveyed companies with sales of up to £20 million and found that two out of five companies also planned to introduce new products as part of their growth programmes.

Santander’s Steve Pateman said: “Many businesses in Yorkshire and Humberside remain cautious in the current trading environment but it is encouraging that they are confident in their growth prospects in the longer-term.”