Nearly half a billion pounds (GBP480 million) was invested into businesses in Yorkshire and the North East by private capital firms in 2020, a new report has revealed.
This investment is powering SMEs across the regions, with 9 in 10 businesses supported there employing 250 or fewer people.
Produced by the British Private Equity and Venture Capital Association (BVCA), the ‘Nations & Regions’ report looks at investment activity across Yorkshire and the North East – identifying them as hotspots for private capital activity.
Statistics in the report go on to show that, of all UK businesses backed by private equity and venture capital in 2020, one in eight (13 per cent) were located in Yorkshire and the North East.
