Xinhua, London :
British Small and Medium Enterprises (SMEs) received a record 6.7 billion pounds (about 8.5 billion U.S. dollars) equity investment in 2018, figures released Friday by British Business Bank, a government’s economic development bank established in 2014.
According to its Small Business Equity Tracker 2019 report, a record 6.7 billion pounds of equity finance was invested into British SMEs in 2018 -the second successive year standing over 6 billion pounds.
Notably, equity investment outside London soared by 29 percent, compared with the last year, to 2.8 billion pounds.
Report showed that technology sector played a crucial part in equity investment, with 44 percent of investment flowing into tech companies. Within technology sub-sectors, software attracted the most deals and investment in 2018, with 361 deals worth 1.6 billion pounds.
Keith Morgan, CEO of British Business Bank, said: “the UK’s SME equity finance market saw a record year in 2018… This is a clear sign of investor confidence in British smaller businesses and their potential for growth.”
Alice Hu Wagner, Managing Director of Strategy Economics and Business Development in British Business Bank, said: “We are particularly pleased to see a 29 percent increase in investment outside of London.”
British Small and Medium Enterprises (SMEs) received a record 6.7 billion pounds (about 8.5 billion U.S. dollars) equity investment in 2018, figures released Friday by British Business Bank, a government’s economic development bank established in 2014.
According to its Small Business Equity Tracker 2019 report, a record 6.7 billion pounds of equity finance was invested into British SMEs in 2018 -the second successive year standing over 6 billion pounds.
Notably, equity investment outside London soared by 29 percent, compared with the last year, to 2.8 billion pounds.
Report showed that technology sector played a crucial part in equity investment, with 44 percent of investment flowing into tech companies. Within technology sub-sectors, software attracted the most deals and investment in 2018, with 361 deals worth 1.6 billion pounds.
Keith Morgan, CEO of British Business Bank, said: “the UK’s SME equity finance market saw a record year in 2018… This is a clear sign of investor confidence in British smaller businesses and their potential for growth.”
Alice Hu Wagner, Managing Director of Strategy Economics and Business Development in British Business Bank, said: “We are particularly pleased to see a 29 percent increase in investment outside of London.”
