According to Grant Thornton’s recent “Agents of Growth” survey, medium-sized businesses outpaced their smaller and larger equivalents on a number of factors in 2013, including profit growth, employment and investment. Moreover, this group contributed over £262 billion to the UK economy in 2014 and is expected to grow at a faster pace than the economy as a whole.
Despite this positive outlook, the report highlights several key barriers that could prevent MSBs from reaching their goals and restrict economic growth by up to £50 billion by 2020. With one in four respondents stating skills shortages are holding them back, Aldermore offers guidance on how mid-sized firms can attract talented new employees to pursue their expansion plans.
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