This year's Autumn Statement will be presented on 3 December. In order to maintain and accelerate economic growth in the UK, we're calling once again for the Chancellor to back mid-sized business (MSBs) and high growth firms.
In advance of the Autumn Statement, Grant Thornton conducted a survey of the leaders of dynamic mid-sized businesses to understand more about the what measures they would like to see in order to unlock their potential and further boost the UK economy.
This is how they responded:
- 48% confirmed their strong support for a single and dedicated HMRC contact who knew their businesses. Over a quarter (28%) would also welcome being able to speak to event specific specialists.
- On the subject of accessing finance and the reintroduction of the corporate venturing scheme, 30% of respondents would be in favour of obtaining equity investment from corporate investors, particularly with a view to fostering strategically beneficial partnerships, if it was available.
- Nearly 40% of respondents identified their biggest skills shortage as being technical skills, followed by management, sales, finance and marketing and digital media. Of those from our survey who don't already have apprentices, 50% said that a National Insurance contribution (NIC) exemption would make them more likely to take one on.
- A third of businesses said that they would be more likely to consider exporting to a new emerging market such as China or India if the exploratory costs qualified for an export tax credit.
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