Private equity arm of Lloyds pledges £1.2bn to UK’s medium-sized businesses
LDC has announced plans to invest £1.2bn into the UK’s medium-sized businesses over the next three years.
LDC has announced plans to invest £1.2bn into the UK’s medium-sized businesses over the next three years.
By Mark Burton
By fostering strength among the group of mid-sized manufacturers it comprises, Germany’s Mittelstand has become recognised as a global powerhouse which has played a role in propelling the nation’s economy to be the fourth biggest in the world by GDP.
As UK commentators look to Germany in an effort to understand the country’s economic performance, increasingly, their attention is turning to the role played by the German “Mittelstand”, a group of highly effective mid-market businesses that drive the economy.
James Cunningham, lecturer in management at Robert Gordon University, Aberdeen, looks at the mind-set of UK small business owners against German counterparts.