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The level of data storage UK companies can access may need to rise as stronger economic growth and soaring confidence prompt increased investment and expansion.

Britain has enjoyed three successive quarters of growth and the latest ICAEW/Grant Thornton UK Business Confidence Monitor found optimism is now at a ten-year high, with a reading of plus 31.

Data Storage Needs May Rise As UK Economic Confidence Jumps

It tipped the UK to outperform all other western economies with growth of 1.3 per cent in the final quarter of 2013. Moreover, this is tempting businesses that might have been wary of making new investments in recent months to spend more, according to chief executive of ICAEW Michael Izza.

"The shape of the recovery is changing as businesses respond to rising confidence by looking to new markets and increasing their investment plans."

Similarly, chief executive of Grant Thornton UK Scott Barnes said: "While still at lower levels than we would like to see, there are tentative signs that businesses are increasing the pace of their investment and export plans; both instrumental in achieving solid UK economic growth."

The report also suggested employment will rise by about 1.7 per cent in the next 12 months, with this growth being spread across a range of different sectors as the service, construction and manufacturing sectors alike continue to grow.

This may have an impact on the use of office space, as more staff means extra desks and less room for the hardware or filing space needed to keep electronic or paper data. In such circumstances many companies could benefit from document scanning and other services to keep data managed and secure.

One recent call for more private investment to boost the economy came from chief secretary to the Treasury Danny Alexander.

Addressing the Confederation of British Industry last month, he said some of the half-a-trillion pounds the country's businesses have in their coffers needs to be invested if the economic recovery is to reach "top gear".

He said a ten per cent rise on the level invested in 2012 could have added another percentage point to economic growth.

Storetec News/Blogs."http://www.storetec.net/news-blog/data-storage-needs-may-rise-as-uk-economic-confidence-jumps". Data Storage

Needs May Rise As UK Economic Confidence Jumps. November 4, 2013. Storetec.