Growing mid-sized businesses
Mid-sized businesses – local roots, global ambitions
‘Mid-sized businesses’ (MSBs) describes the 10,000 or so firms in the UK that do not fall into the category of either SMEs or the biggest firms. They represent just 0.2% of all UK firms – yet account for around one fifth of private sector employment and turnover. They are a diverse population, cover a range of sectors and regions and are often well-established, successful companies.
MSBs should be proud of the contribution they make to their local economy and to the UK. This Growth Review seeks to highlight that contribution, and identify what actions Government can take, working in partnership with others, to unlock further growth.
There is evidence of untapped growth potential in many of these businesses, compared with other businesses in the UK and internationally. The CBI estimates that an additional £50bn could be added to GDP growth within ten years if this potential were unlocked.
What are we doing for mid-sized businesses?
Discover more about the six areas we're working in to make a difference to the UK's mid-sized businesses:
Mid-sized Businesses site built in collaboration with Archant Dialogue
