"Research from Lloyds Bank shows that AI is becoming a central pillar of growth strategies, with companies looking to automate processes, improve efficiency and strengthen long-term competitiveness. The Lloyds Business Barometer, based on a survey of 1,200 firms, found that productivity improvement is the top priority for businesses heading into the next year. Alongside AI investment, 35 per cent of companies said they plan to invest in team training in 2026, recognising that new technologies require new skills to deliver real value."
"Earlier research from Lloyds underlines why AI is attracting growing attention. In a study published in June, 82 per cent of businesses using AI said it had boosted productivity, while 76 per cent reported an improvement in profitability. Retailers reported the strongest productivity gains, while manufacturers were most likely to see a positive impact on profits."
"'These are priorities that will support businesses' long-term growth,' he said. 'They help firms not only capitalise on opportunities in the year ahead, but also build strong foundations well beyond 2026.'"
A third of British businesses plan to invest in artificial intelligence in 2026 to boost productivity, automate processes, improve efficiency and strengthen long-term competitiveness. A survey of 1,200 firms found productivity improvement is the top priority for the coming year; 35% of companies plan team training in 2026 to build skills required by new technologies. Earlier findings show 82% of AI users reported productivity gains and 76% saw improved profitability, with retailers and manufacturers noting sector-specific benefits. Reported barriers to adoption include cost, specialist skills shortages, data privacy concerns and energy usage. Overall business confidence rose by five points in December.
Read at Business Matters
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