Of the 3,000 firms surveyed by the British Chambers of Commerce, 92 per cent identified a skills shortage among their workforce.
However, 80 per cent are planning to invest in training next year to address the problem.
The most common skills shortages were in leadership, management, planning, languages, computer literacy and creativity.
The renewed propensity to invest in training will be welcomed after a 2013 survey by the UK Commission for Employment and Skills found training budgets decreased between 2011 and 2013. Training investment per person trained fell by 17 per cent from around £3,075 in 2011 to £2,550 in 2013.