Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

North West receives most British Business Bank investments

Bank investments

The total equity investments in the wider market in the North West reached £270m

The North West was the most active region for British Business Bank equity investments outside of London last year, according to new data.

The Small Business Equity Tracker has revealed the region was second only to London with the proportion of equity deals completed by British Business Bank supported funds accounting for 10% of all bank supported fund deals.

On a national basis, the bank put a record £8.8bn into 2,044 small businesses last year.

The total equity investments in the wider market in the North West reached £270m.

The Small Business Equity Tracker, which is compiled annually and is in its seventh year, also revealed that regional imbalances were moving in the right direction.

In the overall equity market, the proportion of deals going to companies in London has reduced from 50% in 2015 to 47% in 2020.

The volume of equity deals from the British Business Bank going to companies in London reduced further from 63% in 2015 to 42% in 2020.

Dr Sophie Dale-Black, UK network director, North of England at British Business Bank, said: The North West continues to be a hotbed for innovation with a rising number of quality tech and life sciences businesses that are fit for equity investment.

At one end of the scale, we are seeing lots of strong early-stage companies that are securing equity finance, then at the other end of the scale there are tech unicorns like The Hut Group that are pulling in multi-billion-pound valuations listing on the stock market, Dr Dale-Black said.

Dr Dale-Black said: While the latest figures are moving in the right direction and do address the regional imbalances in access to finance, more needs to be done to support ambitious businesses in the regions.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.