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The UK is facing a competitiveness issue as companies, particularly mid-sized firms, struggle to scale before public listings. These businesses, which employ nearly a third of the workforce, encounter barriers such as lack of access to patient capital and cultural aversion to risk, hindering their growth potential. The Labour government’s upcoming spending review must focus on supporting these mid-sized companies with better funding options, simplified hiring rules, and a shift in the perception of risk to foster the development of corporate champions crucial for the economy.
