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North West of England prime destination for private equity and venture capital investment, says new report
19 Apr 2021
Top lines:
  • A new report, published today by the British Private Equity and Venture Capital Association (BVCA), has identified the North West as a ‘hot spot’ for private equity and venture capital investment and a key player in the country’s growth-led economic recovery..

  • The report is the first in a series of reports highlighting the benefits of private capital backing, breaking it down on a region-by-region basis..

  • It includes new data on private investment in the region, identifying that BVCA members have invested £2.6bn into 420 businesses in the region, supporting close to 80,000 jobs..

  • Alongside this data are 15 new case studies featuring privately backed businesses based in Cheshire, Lancashire and Merseyside from across a number of sectors and at all stages of growth. .

Press release:

England’s North West is a prime destination for private equity and venture capital investment, and therefore a ‘key player’ in the UK’s growth-led recovery, a new report has found.

The report, produced by the British Private Equity and Venture Capital Association (BVCA), takes a closer look at investment in the North West of England and is the first in a series of publications that look at the benefits of private equity and venture capital backing on a region-by-region basis.

The benefits, both social and economic, are illustrated by the latest industry data – including how many businesses and sectors are supported, the number of jobs they create and the total investment value – alongside a set of new case studies featuring a number of private-capital backed businesses from across Merseyside, Cheshire and Lancashire.

The companies featured operate at all stages of growth and across a broad range of sectors. Some are fledgling in size but with fantastic potential and others are global exporters of goods, but all have benefitted from the business expertise and guidance that comes with private equity and venture capital backing.

The report goes on to identify the attractiveness of the North West as a region for private investment, the role it can, and will, play in the UK’s growth-led economic recovery, and the alignment of firms investing in the region with public policy priority.

The new data, provided by the BVCA, indicates private investment into 420 businesses in the region. Between 2017 and 2019, £2.6bn was invested into 220 of these firms, supporting close to 50,000 employees.


Michael Moore, BVCA Director General, said:

“The North West is home to some of the most exciting opportunities in the country for investors and the region is now host to the UK’s most significant private equity and venture capital hub outside of London and the South East.

“At a time of unprecedented challenges, private equity and venture capital investments have supported North West businesses in their recovery and enabled them to provide benefits across their region, compete on a global platform, and to work towards Net Zero. This is the public value which private equity and venture capital investment is proud to bring across the nations and regions of the United Kingdom.”


READ THE REPORT


Notes to editors
  1. The British Private Equity & Venture Capital Association (BVCA) is the industry body for the UK private equity and venture capital industry. The BVCA has over 750 member firms, including more than 450 fund managers and institutional investors, representing the majority of UK-based private equity and venture capital firms and their advisers.

  2. For more information on any of the above, please contact the BVCA’s External Communications Manager, Will English, on wenglish@bvca.co.uk.

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Further information

FOR FURTHER INFORMATION PLEASE CONTACT THE BVCA

 +44 (0)20 7492 0400

 communications@bvca.co.uk