The Decision Economy
03 Most mid‑tier firms are relatively small, with over 60% employing fewer than 100 people. Greater value is generated within larger businesses, companies with 250–500 employees generate around a quarter of revenues and nearly a third of GVA, highlighting the productivity advantages of scale and the growing complexity of decision‑making in larger mid‑tier firms. Larger Firms Generate Disproportionate GVA
04 Mid-tier firms operate across every UK region but economic output is heavily concentrated. London accounts for around one third of total mid-tier turnover and over one third of GVA, more than any other region. Other regions, such as Yorkshire & The Humber have large numbers of firms but generate a smaller share of outputs, highlighting an opportunity to further boost mid-tier performance outside the capital. Regional Imbalance
Mid-Tier Business Population By Region (2024)
GVA (£m) Contributions by Size (2024)
8
200000
7
10000 125000 15000 175000
6
5
4
30% Total GVA contribution annually
38%
32%
3
Total GVA contribution annually
Total GVA contribution annually
75000
2
50000
1
25000
0
0
100-249
250-500
50-99
5
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