AI isn't killing jobs yet: Over 50% of businesses say AI is creating roles as massive upskilling push begins

Over half (54%) of UK businesses say AI created new jobs, new study finds A similar amount (58%) plan to raise AI skills investment soon Some firms plan to spend up to £250,000 on Artificial Intelligence training Concerns that AI would eliminate jobs have dominated public conversation for years, fueling fears of mass unemployment and disruption.

A report from the Lloyds Business Barometer claims over half (54%) of UK businesses say AI has already created new jobs within their organizations.

The findings arrive as firms increasingly treat AI adoption as central to competitiveness, workforce skills, and long-term business growth strategy.

Companies ramp up AI skills spending The majority (58%) of businesses say they now plan to increase investment in AI tools and skill training over the next twelve months - and of the businesses planning to raise AI investment, 42% expect to spend between £25,000 and £100,000 during the coming year.

Another 26% expect to spend between £100,000 and £250,000, showing a clear appetite for deeper AI skills funding across sectors.

Despite this spending push, 31% of businesses admit their current workforce still lacks the AI skills the company actually needs.

To close that gap, 43% of firms are introducing formal AI skills training while 32% are expanding programs already in place.

A smaller share, 24%, say they now prioritize AI skills when hiring, while 21% are creating entirely new AI-specific roles.

A widening gap between large and small firms Overall, nearly two-thirds (61%) of UK firms say they currently use AI in some form, though adoption varies sharply by company size and reach.

Cost, cited by 18% of businesses, remains the most common barrier, followed closely by data quality and skills access at 17% each.

Domestic-only firms cite cost as their biggest barrier at 23%, while international firms point more often to data quality at 19%.

Larger businesses with annual turnover above £10 million report AI usage averaging 79%, far ahead of smaller and domestic-only competitors nationwide.

Nearly two-thirds of larger firms say their current workforce already possesses the AI skills the business truly needs right now.

Among larger firms already using AI, 74% cite productivity gains as their main reason for continued and future investment decisions.