Mid-market business hotspots – engines of our economy
Andy Gray, NatWest’s Managing Director of Commercial Mid-Markets, spotlights the findings from our latest report into mid-market businesses.
Andy Gray, NatWest’s Managing Director of Commercial Mid-Markets, spotlights the findings from our latest report into mid-market businesses.
In this report we discover where in the UK the distribution of mid-market power is settling, beyond the capital.
Our report begins with an overview of the towns and cities in the UK where mid-market companies are experiencing above-average growth. It then zooms in on the geographical distribution of almost 3,000 companies we have identified as being true innovators.
We have further broken this down into five sectors to identify regional hotspots for innovative industries from fintech and retail to life sciences and climate tech.
Download our latest report.
Methodology
Beauhurst identified 29,171 active mid-market companies in the UK with annual turnover between £25m and £500m. From this cohort, we identified a subset of 2,874 innovative companies that meet at least one of our three innovation signals: 1. Has spun out of an academic institution 2. Has received a large innovation grant 3. Has been granted a patent.
Geographical methodology
Local authorities are identified using the company’s head office or registered address. Where the local authority aligned closely with a single city or town, this was used to represent the area. However, in some cases, where there is a concentration of small local authorities across a town or city and a number of mid-market companies are spread within them, then these local authorities are grouped into a recognisable local area.
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