Campaign launches to support and raise profile of mid-sized businesses
13 January 2012
‘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 - covering a range of sectors and regions and are often well-established, successful companies.
The publication of the government's MSB Growth Review sees the start of a joint campaign to support the UK's MSBs. Launching the scheme, business and enterprise minister Mark Prisk said mid-sized businesses are a powerful force in their local economies and nationally, employing one in five private sector workers. "MSBs have immense potential and we want to help them to be recognised for what they do and to raise their sights to the opportunities that exist," he said.
The government and organisations such as the CBI, Institute of Directors, Institute of Family Business and others, including the Daily Telegraph are working together on a series of practical measures to promote the support available for MSBs.
The first international trade mission specifically tailored for these companies will be to Turkey, and will take place in April. A delegation of MSBs will accompany trade and investment minister Lord Green and John Cridland, director-general of the CBI. This is believed to be the first ever UK Trade and Investment (UKTI) trade visit to focus exclusively on the opportunities for these businesses in an emerging market.
Read the review <a href="http://discuss.bis.gov.uk/midsizereview">here.</a>
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