New research from Barclays Corporate has found that the hospitality and leisure industries are expected to drive economic growth across "all areas" of the UK over the next decade.

A number of business leaders were surveyed on what they expected prospects to be like for their companies in 10 years' time as part of the Business in 2021 study. More than three quarters in all but two regions indicated that hospitality and leisure is set to play a key role in economic growth, including 95 per cent in Scotland.

The remaining areas were London and the South East and the North West, with 57 per cent and 53 per cent of business leaders respectively expecting the sector to drive growth. Figures from the hospitality and leisure industries themselves expected to see steady growth over the 10-year period across the UK economy and real Gross Domestic Product (GDP).

Mike Saul, head of hospitality and leisure at Barclays Corporate, said: "It is clear that the majority of the UK's hospitality and leisure sector believes in the fundamental strength of the UK as a place to do business. "To see the majority of businesses anticipating steady and sustained economic growth over the next decade should also be welcome news for a Government that is focused on developing a growth strategy."

Business in 2021 is scheduled to be released on 7 September. Details: www.barclayscorporate.com

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