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British Business Bank release Nations and Regions Tracker 2023

Nations and Regions Tracker

The British Business Bank’s third annual Nations and Regions Tracker, published today, finds the use of external finance among smaller businesses is showing signs of recovery in early 2023, after a decline in most UK Nations and regions in 2022. Key findings from the report also indicate that: 

  • Nations and regions outside of London continue to represent only around 50% of UK equity deals and 45% of investment value; 
  • Academic spinouts make a large contribution to equity activity in 33 innovation-led clusters; 
  • Smaller businesses in coastal towns have a lower appetite for external finance but have an above average concentration of net zero-related equity deals.

The British Business Bank’s six new Nations and Regions Investment Funds will deliver £1.6 billion of finance in the South West, Scotland, Northern Ireland, Wales, North of England and Midlands. These funds will further strengthen the Bank’s ability to support smaller businesses in less-developed ecosystems access the finance they need to grow, working in synergy with other UK-wide Bank programmes. 

Download the report at https://www.british-business-bank.co.uk/research/nations-and-regions-tracker-2023/

By UKBAA 12 Oct 2023