Royal Bank of Scotland urges balance between new enterprise and growth of existing firms in Scotland


The Royal Bank of Scotland (RBS) Group in conjunction with Company Reporting Limited have published a major new economic study identifying and analysing the top 100 private sector companies in Scotland ranked by wealth created.

Commenting on the report, Dr Andrew McLaughlin, deputy group chief economist of the RBS Group, said: "The importance of the mid-corporate sector is often lost in the competitiveness debate, which has tended to focus on start-ups and new entrepreneurial activity. Scotland has relatively few medium-sized companies, lowering the potential for new Scottish-based global companies to emerge in the future. Developing just three of our mid-size firms to the wealth creating potential of a top-five performer would have a significant benefit for Scotland, adding around an extra 10% (Ј7billion) to the Scottish economy.



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