🚀 Positive Insights from the British Business Bank’s Small Business Equity Tracker 2024 Report! 🚀
The report sheds light on some promising trends and achievements in the UK SME equity finance market. I have summarised some of these:
⚖ Stabilising Market: Despite a challenging 2022, the market is showing signs of recovery with quarterly equity investments stabilising at just over £2bn between 2023Q1 and 2023Q4.
🌍 Global Competitiveness: The UK is the third largest VC market globally, accounting for 5.8% of global investment 🥉. The UK accounts for a third of investment across Europe.
🙋♀️ Diversity: Founder teams with at least one women, won their biggest deal share ever in 2023 = 28.2% of deals.
🎓 Spinout Success: University spinouts raised £1.3bn in 2023, equivalent to 15% of total investment across the market = the third highest year on record.
🏙 🚲 Cambridge: In terms of UK VC investment, Cambridge is no. 2 🥈 in the top 10 UK cities for VC investment showing a 1.76% share of the UK market and an impressive 6.96% share of the UK life science VC investment market . *Being based in our Cambridge office, I had to mention Cambridge right? 💁♀️ *. London was ranked no. 1 🥇 with a 22.9% share, with a 42.6% share of the UK Fintech market. Oxford wasn’t far behind Cambridge, ranked as no. 3 🥉 , with 1.04% and with 5.04% of the UK life science market.
📈 Growth is on the up: Investment in growth stage and established companies was 25% higher in the second half of 2023 compared to that in 2023HI.
🌟The future is bright for small businesses and being positively shaped by them! 🌟
#EquityFinance #Innovation #UKBusiness #VentureCapital #SmallBusiness #tech #lifesciences #cambridge #oxford #london #investments #lawyer #diversity #spinouts
(All information in my post was obtained from the Report, link below. Thank you to the British Business Bank for preparing this Report)
The UK is now the third largest venture capital market globally 🌍 💰
With £72bn in VC raised by UK companies between 2021-2023, the UK is now accounting for 6% of global VC investment, shows our Small Business Equity Tracker 2024 report, published today 🚀
Following 2022 market downturn, equity investment for smaller businesses returned to 2019 levels in 2023, but is up by 182% overall over the last 10 years.
Download the full report for the latest insights into equity investment in smaller UK businesses 👉 https://bit.ly/4cUJhH4