Lord Young: Investing in a start-up is the most rewarding thing I’ve done

Over the past few years we’ve all been living through a revolution — not one where crowds gather in Trafalgar Square and face water cannon, but a quiet revolution that has changed the way we work and live. When I first came to what was then the Department of Industry as an adviser in 1979, a ‘small firm’ was a company employing fewer than 500 people.