New research on the UK's mid-sized business sector covered in international business media
New research by WBS Professor of Enterprise, Steve Roper, and Professor Ashwin Malshe of Essec Business School is reported widely in much of this week's international business news. The research is presented at a major event in London today, at which Vince Cable, Secretary of State for Business, Innovation & Skills, is speaking.
The report, titled Leading from the Middle, the untold story of British Business, shows mid-market firms represent just 1.37% of total UK companies, but contribute 32% of private sector GDP and more than one in three UK jobs.
Professor Roper commented, ""It's encouraging to see more than two thirds of suppliers to UK mid-market firms are domestic or local, as it's important to retain the value added this brings to the economy. However, we also need to encourage many of these firms to develop their global footprint to enable them to make the transition into the next phase of their growth."
The research was commissioned by GE Capital.
One of the many reports on this research can be read on The Economist's website at http://www.economist.com/node/21556971