Last week’s column examined the latest data on scale-up businesses namely those that grow by more than 20% annually. It showed that despite their disproportionate contribution to wealth creation and employment, there had been a recent slowdown in the number of these firms being created every year.
Given this, what could and should be done to not only encourage more fast-growing firms across the UK, but also to further develop those that are already expanding their operations quickly?
The answer to that question can be found from a recent survey of 338 scale-ups by the Scaleup Institute (an organisation that champions the cause of such businesses across the UK) which found that the three main barriers to future growth are access to markets, access to talent and, as would be expected, access to finance.
