One in two South West smaller businesses sought external finance over the last three years, finds our latest report.
Published today, the British Business Bank’s Small Business Finance Markets 2022/23 report shows small and medium sized businesses in the South West received 13% of all announced equity deals during the first three quarters of the year, worth £528m, a 46% increase over the same period in the previous year.
The report also shows there has been a significant demand for external finance in the South West. In 2022, 47% of smaller businesses in the region sought or applied for external finance in the last three years, the second highest of any region in the UK.
- South West businesses received 13% of Q1-Q3 2022 investment deals in the UK, reaching a total investment of £528m, a 46% increase over the same period in the previous year
- Year on year, the number of deals in the South West increased by 13%, one of only four regions that experienced an increase
- Nearly half (47%) of the South West’s smaller businesses in the UK sought external finance, the second highest of any region in the UK
- The South West accounted for 7% of net zero-related equity deals and 3% of the investment value
Read the full report here – The Small Business Finance Markets Report
