Medium-sized businesses are the UK's "forgotten army", overlooked by government but with the potential to inject between £20bn and £50bn into the economy by 2020, according to the CBI.
Firms with a turnover of between £10m and £100m represent less than 1% of businesses but generate 22% of economic revenue and 16% of all jobs. The UK's leading business group is today publishing a major new report, called Future Champions: unlocking growth in the UK's medium-sized businesses,using new analysis conducted with the help of McKinsey & Company. The CBI is calling for a broader range of finance to be made available to medium-sized businesses (MSBs). With banks' lending constrained, these firms can no longer rely solely on bank lending for long-term growth capital to inve...
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