The FINANCIAL — When Chancellor of the Exchequer George Osborne rises in the House of Commons on Tuesday to deliver his autumn statement, he will do so with the benefit of new research from academics at Aston University.
The autumn statement report will be vital as it will be identifying new ways in which the UK economy can grow. Aston University Professor Mark Hart, who is globally renowned for his work in the field of entrepreneurship and business growth, was asked to conduct research to help identify the characteristics of a group of firms that fall rarely under the spotlight – Mid-Sized Businesses. This research has helped inform the autumn statement.
In particular Professor Mark Hart and his colleagues in the Economics and Strategy Group have focused on those firms that are not yet large, but have grown beyond being a small firm. These Mid- Sized Businesses have a turnover of between £25 million to £500 million, and are likely to have no more than 250 employees.