Policy & Research
Access important research reports and policy updates on the early stage investment ecosystem
The UKBAA acts as a centre of research for the early-stage investment industry, gathering crucial data and insights that affect grounded, supportive policy decisions from key industry stakeholders.
If you are looking to conduct research on our industry, or want to share your own analyses, contact us to see how we can support your work.
Choose the research you want to view by clicking one of the links below:
Women Angel Insights Report
The Women Angel Insights report, developed by UKBAA and Beauhurst, in partnership with NatWest, reveals that more than 5,000 women are making angel investments across the UK, helping to create over 10,000 jobs in the past decade.
DownloadIndustry reports
From sector-specific reports to wider deep dives into the ecosystem, we’ve collected a series of reports and research that outline the UK angel investment market and the challenges and opportunities that exist.

Nations and Regions Tracker 2023
The British Business Bank’s third annual Nations and Regions Tracker 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.
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The Climate for Angel Investing
This Survey was aimed at helping us to better understand the characteristics of our Angel community, their current investment activity, plans for the future and challenges they are experiencing, at a time when there are potentially important economic challenges at both global and domestic level.
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How investors can support the journey to net zero
This report draws heavily on our community’s views regarding where the opportunities in this area lie, as well as recommendations on how private finance and corporates can work together to move towards the UK’s 2050, net-zero target.
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UK Business Angel Market Report 2020
The British Business Bank’s UK Business Angel Market report 2020 reveals that angel investors across the UK are continuing to invest in early stage businesses and are optimistic about the future despite current economic uncertainty.
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The Future of Growth Capital
The report stresses that closing the emerging £15bn gap will provide opportunities for aiding the UK’s economic recovery post-Covid, generating future prosperity and boosting regional economies, productivity, innovation and internationalism.
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The Scaleup Index 2019
In partnership with The ScaleUp Institute, Beauhurst has examined 5,456 unique scaleup businesses. They’ve analysed everything from investments, investors and growth rate demographics, to geographical distribution, founders and executives.
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The Scaleup Index 2019
In partnership with The ScaleUp Institute, Beauhurst has examined 5,456 unique scaleup businesses. They’ve analysed everything from investments, investors and growth rate demographics, to geographical distribution, founders and executives.
Login or Register to access this downloadDiversity & Inclusion
There are long-standing challenges around diversity in the investment market here in the UK, in terms of entrepreneurs’ access to finance and the whole investment base. In this section we’ve gathered the latest data and reports, which emphasise the importance and impact of a diverse ecosystem.

Accelerate to Excel
In this year’s annual Female Founders Forum report, The Entrepreneurs Network take stock of what progress women entrepreneurs have made over the past several years since we started researching and campaigning on policies to remove obstacles they face in starting and growing a business.
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Rebalancing Innovation: Women, AI and Venture Capital in the UK
Rebalancing Innovation: Women, AI and Venture Capital in the UK presents a unique picture of gender diversity in AI-focused venture capital (VC) investment over the last decade, based on new research from the Women in Data Science and AI team at The Alan Turing Institute.
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Diverse Founders in Advanced Digital Technology Report 2023
Key findings of the report include the UK’s impressive leadership in tech investment and the growth of high-potential startups. However, it also highlights significant disparities in funding and opportunities among founders based on gender, ethnicity, and educational background.
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Finding What Works: Pathways to Improve Diversity in Venture Capital Investment
The Finding What Works report, undertaken by the British Business Bank in partnership with SQW, provides three clear, actionable, and evidence-based pathways for UK funds to improve diversity in venture capital investment.
Login or Register to access this downloadWomen Founders & Investors
Over the last few years, we have identified the distinct challenges faced by women in the investment ecosystem, from the disproportionately low level of representation of women seeking to angel invest, to the disparity in access to finance faced by women-led teams. In this section you can access the latest reports and research in this area.

Investing in Women Code - Annual Report 2022
Welcome to this second annual report of the Investing in Women Code, which includes data collected by finance providers during 2021 and features the actions taken by them to support women entrepreneurs with the tools, resources and finance they need to achieve their goals.
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