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Corporate performance events: MSBs
People attending corporate performance events may be interested to hear that according to the CBI the 'forgotten army' of medium-sized businesses holds key to future UK growth.
It says that medium-sized businesses despite representing just one per cent of businesses, they represent 16 per cent of all jobs and generate 22 per cent of the economic revenue.
In fact the CBI claim that the sector has the potential to inject between £20bn and £50bn into the economy by 2020.
In a report called Future Champions: unlocking growth in the UK's medium-sized businesses, which uses new analysis conducted with the help of McKinsey & Company, it's calling for a broader range of finance to be made available to MSBs as they can no longer solely relying on bank lending.
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