There has been a dramatic improvement in funding conditions for UK growth companies, according to research by UK mid-market private equity firm ECI Partners.
ECI’s poll of over 650 growth companies shows companies are finding it easier to tap bank funding, with a significant increase in companies looking to public markets and private equity to provide capital, reflecting a wider improvement in the UK economy and growing equity culture.
David Ewing, managing partner at ECI Partners, says: “The importance of growth companies cannot be overstated, as they play an essential role in creating jobs and boosting UK prosperity.
“ECI has experienced first-hand the impact of the improving economy on growth businesses, with double-digit increases in revenue, profit and headcount across our portfolio, and three successful exits over the last 12 months.
“But plenty more can still be done: many successful growth companies are sceptical about sources of finance. Investors like ourselves, the banks and public market investors need to work harder to explain the benefits and added value we can bring to these companies to help them maximise their potential.”
ECI Partners polled over 650 UK companies in summer 2013.
