‘The middle market is the ‘backbone’ of the economy, employing the majority of the UK private sector workforce, and covering the length and breadth of the UK’ said Simon Hart, International Lead Partner, RSM UK.
As the country slowly emerges out of the shadows of the coronavirus pandemic, economic recovery is on the mind of most businesses. We asked how the middle market felt about the UK’s infrastructure.
68 per cent of our survey respondents felt that the infrastructure restricts the growth of the national economy. Over 60 per cent felt that the UK’s infrastructure also restricts the growth of their local economy and the growth of their business.
'We have seen that the infrastructure in the country is able to sustain the status quo for the middle market, but clearly more infrastructure investment is needed to help support these businesses really thrive’ said Alistair Hynd, Head of Project Finance at RSM UK
As the country embarks on 'The Great Reopening’ there are positive signs that the economy will bounce back well, and the middle market will play a key role in this recovery.
‘The middle market needs to continue to invest in its own capital projects to remain dynamic, competitive and aligned to the post pandemic expectations of customers, employees and the communities they serve. Support should be provided to enable them to do so.’ said Simon Hart.
The middle market plays an essential role in the wider British economy, their prosperity benefits all. The key to the UK’s economic recovery lies within the middle market. ‘Businesses are asking for an acceleration and need visibility and certainty to enable them to plan their own short – and longer term – investment decisions’ said Alistair Hynd.
The representation of middle-market leaders in major policy creation and implementation will be vital to support the UK real economy in driving the recovery. This RSM survey gives policy makers adequate information to stop and consider the views of the UK middle market.