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Ignite your ...future champions jan 2013


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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.

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Ignite your ...future champions jan 2013

  1. 1. Future Champions: unlocking growthin medium-sized businessLaura Smith, Policy Adviser CBI
  2. 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. 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% Household Government Investment Net trade consumption consumption Average annual GDP per capita growth 1997 -09
  4. 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 of their characteristics and performance● Put MSB growth on the political agenda● Identify and tackle barriers to growth for MSBs● Encourage wider business community to increase support for MSBsFindings: Huge amount of unlocked growth potential
  5. 5. MSBs make a significant contribution… Large Medium Distribution of UK companies in different size bands, 2009 Small % total UK 100% 1 <1 7 36 26 43 16 86 99 22 67 48 36 12 2 Number Revenue Employees Taxes PatentsSOURCE: BIS; FAME; UK innovation survey, 2008; Team analysis
  6. 6. …And help to deliver a rebalanced economy...● MSBs employment higher in regions with high unemploymentRegion Proportion of Unemployment jobs in MSBs rate (%) (%)UK average 16 8.4London 14.4 10North East 19.9 12.0North West 19.2 8.9Northern Ireland 21.3 6.8Yorkshire & 16.7 9.7HumberWales 18.6 9.0
  7. 7. …but the potential for further growth issignificantUK labour productivity by company size –revenue per employee(£000 nominal) 2009 MSB
  8. 8. CBI 3 step plan for boosting growth in UKMSBs Generate Support the Access to ambition scale-up of £20bn by growth and internal 2020 capitalconfidence capabilities
  9. 9. The CBI campaign to unlock growth in MSBs [VIDEO]
  10. 10. ● A forum to share practical advice and ideas to grow your business● An on-going network of support in your region● Meetings facilitated by expert partners on issues that matter to your business – Access to growth capital – Unlock growth through leadership development – Increase export capabilities
  11. 11. The importance of clear finance strategy to a growing MSBForms of finances currently used by UK MSBs (%) Types of finance sought by MSBs in 2011 (%)
  12. 12. The importance of leadership developmentand talent management to a growing MSBRelative importance of growth drivers for UK medium- Mean management score of medium-sized firms bysized businesses countryCBI telephone interview survey results - % responses Management score 1 = low 5 = highfrom MSBs ranking driver as important or very importantSource: CBI/ComRes Source: McKinsey & Company, Management matters
  13. 13. The importance of increasing exportcapabilities to a growing MSBA comparison of the UK’s export performance with Performance in goods exports Annual averageselected competitors % world export volumes growth 2000 - 2010