Mid-sized firms set their sights on growth, planning 3m investment over five years

The survey by BDO indicates that 51% of medium-sized companies in Britain are poised to invest over £3 million each in growth initiatives, showcasing a positive outlook and optimism towards future prospects.

Nearly 40% of the surveyed companies aim to focus their investments primarily in the UK, with 24% actively seeking new investment capital from private equity firms, venture capitalists, and banks.

Amid economic challenges, a quarter of businesses remain positive about the future, while 18% are more pessimistic. The growing optimism aligns with the new Labour government's emphasis on economic growth.

Mid-sized businesses' intentions to invest are seen as positive news for the government, especially amidst falling inflation rates and the potential for a base interest rate cut.

Read at Business Matters