Focusing on ‘scale-up’ companies is critical to UK jobs, wealth and competitive advantage, according to a recent report from investor and entrepreneur Sherry Coutu CBE.
The UK now produces more start-up businesses per capita than the US. The report argues that, despite this success in creating new businesses, not enough of these start-ups are scaling-up into large companies, and Britain still has a lower proportion of large companies than the US and other nations.
The UK now produces more start-up businesses per capita than the US.
“We need to be more effective at identifying the companies that have the greatest potential, and making sure they can find the most talented people and serve more customers, in more countries, more easily,” says Coutu.
As a corporate founder of the newly formed Scale-Up Institute, Smith & Williamson is in a key position to help businesses achieve their scale-up ambitions, and drive those already achieving sustained growth.
The biggest challenge for any scale-up business is always the same; getting the timing right.
In this series we speak to experts on their experiences and advice for those looking to achieve sustained growth.