IGNITE your…. Future Champions Presenter – Laura Smith, Policy Adviser at Confederation of British Industry (CBI) will present the CBI’s report: “Future Champions: unlocking growth in the UK's medium-sized businesses”. Medium-sized businesses are the UK's "forgotten army", too long overlooked by government but with the potential to inject between £20bn and £50bn into the economy by 2020, according to the CBI. The CBI is calling for a broader range of finance to be made available to medium-sized businesses. With banks' lending constrained, these firms can no longer rely solely on bank lending for long-term growth capital to invest in their companies. The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.
2. Overview The economic context CBI research into the Forgotten
Army of medium-sized businesses 3 steps to unlocking growth in
medium-sized businesses CBI Future Champions campaign CBI M Clubs
Key areas of focus for growing MSBs Access to finance Leadership
and talent management Increasing exports 3. Economic Context1970
-79 Average growth: 2.3%1979 -97 Average growth: 2%1997 -2009
Average growth: 21.5% 10% 1%21%14%42%
51%58%28%76%HouseholdGovernment InvestmentNet
tradeconsumptionconsumptionAverage annual GDP per capita growth
1997 -09 4. CBI research into the Forgotten Army of UK
MSBsHypothesis: MSBs a part of the economy too long
under-acknowledged andunder-valuedAims: Build a picture of UK MSBs,
with new analysis oftheir characteristics and performance Put MSB
growth on the political agenda Identify and tackle barriers to
growth for MSBs Encourage wider business community to increase
supportfor MSBsFindings: Huge amount of unlocked growth potential
5. MSBs make a significant contribution Large MediumDistribution of
UK companies in different size bands, 2009 Small% total UK100%1
