Decisive action is needed to tackle the 'hidden threat' of crime against businesses damaging growth, according to the British Chambers of Commerce (BCC).
Theft, fraud, scams and cyber-attacks are increasingly affecting firms of all sizes and across all sectors, BCC research has found.
The business group's research shows that 42% of UK businesses experienced some form of crime in the past year.
The data reveals larger firms are more vulnerable, increasing from 32% among micro-businesses to 58% among firms employing more than 250 people. The manufacturing sector is the hardest hit, with 50% of firms reporting business crime.
The BCC report concludes that business crime is a 'structural constraint' and 'measurable brake' on UK economic performance.
The BCC is calling for a National Business Crime Strategic Assessment to properly measure the economic harm caused by crime against businesses.
It is also asking for a single cyber-attack reporting system for firms and the creation of Regional Business Crime Hubs.
Ellis Shelton, Policy Manager at the BCC, said: 'Crime against business is now a serious barrier to growth and investment across the UK.
'Our research shows many firms are dealing with rising levels of theft, fraud and cyber-attacks. Bosses are being forced to divert crucial time and money to tackling this anchor on growth.
'Crime is becoming more sophisticated and there needs to be a step change in the support businesses can count on.
'Reducing crime against business isn't just about protecting balance sheets. It's about removing structural barriers to growth.'
Internet link: BCC