Medium-sized North West businesses create 7% more jobs than last year
According to new research, medium-sized North West businesses have created more jobs last year than all the area’s FTSE 350 and small businesses put together.
The firm carrying out this research, accountancy and business advisory firm BDO, has found a 7% increase from the previous year, from 726,342 to 777,718.
Although they didn’t perform quite as brilliantly, the North West’s small businesses also did well over the same time period, with 13,271 new jobs (a 9% increase).
The FTSE firms in the North West, of which there are 11, reduced their number of jobs created by 0.5%, while still managing to increase their turnover slightly from £52.1bn to £55.8bn
Ed Dwan, partner and head of the North West at BDO, said: "North West businesses continue to perform well, experiencing strong employment and turnover growth. While small businesses in the region are thriving – reporting a 9 per cent increase in job creation – mid-market companies continue to power the regional economy.
"Despite the continued uncertainty around Brexit and the resulting political and economic concerns, mid-market businesses have remained resolute in their ambitions, targeting growth and creating more than 51,000 new roles during the last year.
"It’s hugely encouraging to see the economic engine continuing to create jobs throughout the UK. These high-growth, entrepreneurially spirited businesses are the lifeblood of our economy and warrant significant attention from central government."
Source: Insider Media North West
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