NatWest report flags “conversion gap” holding back UK mid-market firms despite £1.2 trillion turnover

• NatWest flagged a “conversion gap” holding back UK mid-sized firms, despite £1.2 trillion turnover and 7.3 million jobs.
• Report defines mid-market as £10 million–£100 million revenue or 50–500 employees, often underserved by SME or large-cap support.
• Talent constraints led: 55% cite talent or leadership development as a top growth barrier; 42% flag recruitment capability as key constraint.
• AI uptake rising: up to 72% of AI users adopted at least one core tool; up to two-thirds have not deployed it business-wide.
• NatWest urged a dedicated mid-market framework, leadership program, mid-market share of the government’s £200 million AI funding.

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