Research by iwoca reveals that medium-sized businesses (50-249 employees) in the UK have been crucial drivers of job growth in the last ten years, expanding their workforce at double the rate of both small and large businesses. Employing 3.7 million workers, this sector saw a 20% increase since 2014. While the total number of businesses grew uniformly across sizes, medium-sized companies particularly excelled, especially in the IT and healthcare sectors. Regional growth was noteworthy in London and the South West, leading iwoca to enhance loan support for these firms.
"Medium-sized businesses are driving job growth in the UK and creating jobs at a faster rate than small and large companies, according to new analysis."
"Between 2014 and 2024, medium-sized businesses grew their workforce by 20% while small and large businesses only increased by 10%."
#uk-business-growth #job-creation #medium-sized-enterprises #small-and-large-businesses #economic-analysis
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