‘Critical’ mid-market UK firms stifled by red tape and skills gap

NatWest has called for more support for thousands of “critical” mid-market companies it says are held back by red tape, planning delays, and restrictions on hiring skilled overseas workers.

It refers to companies with turnover between £25 million and £500 million, bigger than SMEs but smaller than large corporates. This includes an increasing volume of red tape for companies that start trading internationally, with post-Brexit complexity deterring trade with the EU, according to the report.

Furthermore, NatWest’s report found that the sector is likely to face a shortage of skilled workers, with many firms unable to fill the gap with overseas hiring due to increased restrictions. NatWest said it was creating a new UK mid-market corporate council, backed by the Department for Business and Trade, with members from across the sector, starting in 2025.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Webinar to guide business owners on selling their businessJerroms announce an upcoming webinar titled “Thinking about Selling Your Business but Unsure Where to Start?” This free webinar aims to provide business owners with the essential knowledge and tools needed to navigate the complex process of selling a business.
Fuente: ShropshireStar - 🏆 98. / 51 Leer más »