Mid-sized firms, accounting for just 0.5% of UK businesses, employ over 7.3 million people and have the potential to contribute an additional £115 billion to the economy by 2030 with proper support.
Paul Thwaite emphasized that mid-sized businesses lack a collective voice, overshadowed by larger corporates and small business groups, thus necessitating dedicated advocacy and representation.
A mid-market council launching in 2025 aims to represent mid-sized businesses and tackle issues like infrastructure, planning, and skills shortages that hinder their growth regionally.
Infrastructure challenges, such as limited transport and broadband access, disproportionately impact mid-sized firms located outside of London, complicating their efforts to expand and innovate.
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