The UK government is being urged to offer tax breaks to savers who invest in medium-sized businesses (MSBs) to create a British Mittelstand.
LDC has announced plans to invest £1.2bn into the UK's medium-sized businesses over the next three years.
By fostering strength among the group of mid-sized manufacturers it comprises, Germany’s Mittelstand has become recognised as a global powerhouse which has played a role in propelling the nation’s economy to be the fourth biggest in the world by GDP.
As UK commentators look to Germany in an effort to understand the country’s economic performance, increasingly, their attention is turning to the role played by the German “Mittelstand”, a group of highly effective mid-market businesses that drive the economy.
If the Conservative party are returned to power after the 7 May general election, David Cameron has pledged to commit £1bn for the cultivation of a mid-market business sector –similar to the Mittelstand businesses found in Germany.
James Cunningham, lecturer in management at Robert Gordon University, Aberdeen, looks at the mind-set of UK small business owners against German counterparts.
The German Mittelstand is the envy of economic leaders across the world.
SMEs would benefit from forming the equivalent of a German "Mittelstand", says the CBI.
Eurozone troubles are piling up. The words ?double dip are still hovering. Insolvencies are on the rise. And yet Britain ‘s Mittelstand is demonstrating great resilience.
There are very few UK companies with a £10m-£100m turnover but, my, do they contribute. Now there's a plan to create more of them.
CBI director-general John Cridland has today announced a 12-point plan for unlocking the potential of Britain’s mid-sized companies.
Large private sector firms will work alongside the government on a scheme to support Britain’s Mittelstand, under a new project announced by the Chancellor.