A HAMPSHIRE firm says it hopes the UK remains in the European Union.

Bosses at international engineering and environmental consultancy firm MLM says Brexit would create uncertainty that would be bad for businesses and the UK’s economy as a whole.

The firm, which has offices in Whiteley and across the UK, provides consultancy services across the environment planning, development and construction industries.

Five permanent members of staff are currently employed at the firm’s base in Hampshire and sometimes more depending on requirements for different projects.

The company is set to move to bigger offices to meet growing demands and to employ more staff.

MLM group chairman Steve Oliver said: “In the event of a ‘stay’ decision, we have been advised by investors that the appetite for inward investment into the UK will return, if not increase.”

The firm’s chief executive, Neil Cooper, spoke about the impact of Brexit, saying: “The majority view of independent authorities is that leaving the EU will be materially prejudicial to the economy in the short to long term. MLM does not consider that to be an acceptable outcome.

“If the UK leaves, the cost of doing business will rise, as Sterling will fall relative to other currencies, raising the cost of materials, good and services.

“Sterling will lose its current status and credit rating, meaning interest rate rises. MLM currently has access to low cost capital for growth and inevitably parting from the EU could result in reduced growth.

“Of equal concern, 20 per cent of MLM engineers and surveyors are from the EU and access to skilled, expert people has been a key contributor to our success.

“Many of these hard working, committed and valued employees are already considering their future. The perception of ‘closed doors’ as a result of leaving the EU will directly damage our business.”