CBI MSB Summit 1st December 2014 – Helping the UK’s mid-market firms realise their potential
As Director-General of the CBI, John Cridland is the key spokesman for the business community in the media, on public platforms and with the government. He leads the CBI – the voice of business – in the UK and represents it internationally. John Cridland on the MSB Mid-market survey:
Three quarters of businesses today have technical skills shortages which will hold businesses back if not managed closely.
“Unlocking their potential to grow is vital to our future prosperity. With the right support from government and other businesses, they can be the engine of our economy into the next five years and beyond,” John Cridland
Half of these businesses expect growth over next five years. And over the past three years, over half had annual growth of 10%. Mid-market firms represent a quarter of the UK economy. £10-100m turnover are the spring board for UK international growth 61% exporting including to Vietnam and Colombia not just Europe. There were 62 IPO’s on AIM last year.
Despite making up less than 2 per cent of all British companies, medium-sized businesses generate almost a quarter of private sector GDP and a fifth of private sector employment.
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