Is Britain's middle-market undervalued?

New economic research, reveals that despite accounting for less than 1% of all UK firms, mid-market companies generate over £1 trillion in revenue every year. This amounts to nearly a third (31.3%) of all private sector turnover, and one in four private sector jobs (over 6.2 million) across the UK.

But, according to BDO, the UK's mid-market is caught in a 'policy and profile' gap; too large to benefit from policies tailored to small business, but too small to win the attention that FTSE firms command from the media and policy makers.

Alongside the new data highlighting the impact of the mid-market, BDO has published its own Mid-Market Manifesto – a set of policies that could unlock the potential of the UK's mid-market, adding over £1.3 billion to mid-sized companies' GDP contribution and creating thousands of jobs. The policies would benefit all businesses, but address particular areas of concern for the mid-market.

Simon Michaels, Managing Partner at BDO, said:

"Compared to other European nations, Britain's middle-market is undervalued and overlooked. Despite already contributing a remarkable amount to UK GDP and jobs, these businesses have the potential to deliver even more.

"The UK Government has done a good job at promoting the general needs of business but more can be done to help Britain's mid-market specifically. As we begin the run-in to a general election, this is a good opportunity to reflect on the needs of this section of our economy, as all political parties consider what they can do to drive economic growth."