The Decision Economy
INSIDE THE MID-TIER
02 Over the past five years, the UK mid-tier has grown despite a volatile backdrop. Since 2019, the number of businesses has increased by around 6% and employment has risen by 315,000 jobs. In 2024, the mid-tier comprised of 42.7 thousand businesses generating £1.36 trillion in turnover and £566 billion in GVA, while employing 5.23 million people. Growth Through Turbulence Turnover and GVA Generated by Mid-Tier Businesses in 2024
Professional and business services generate the largest share of UK mid-tier revenue. Value is concentrated in the largest mid-tier firms meaning decisions taken by a relatively small number of businesses have a disproportionate economic impact. Sector Concentration: Where Value Is Created 01 Consumer Revenues Generated by the UK Mid-Tier (2024) Mid-market businesses punch well above their weight in the UK economy. There are an estimated 42.7 thousand mid- tier companies (50–499 employees) in the UK. By count, fewer than one in 133 businesses falls into this category, but collectively they have an outsized economic footprint.
1400
5.23m Individuals employed in the mid-market. 42.7k Businesses operating in the mid-market.
£1.36tn
1200
1000
Professional & business services
9%
Property
800
10%
25%
600
£566bn
13%
Technology
400
21%
200
21%
Manufacturing
0
Turnover (£tn)
GVA (£bn)
Other
4
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