Over 1,000 companies in the north of England are ripe for private equity investment, according to a new study.
Commissioned by the British Private Equity & Venture Capital Association (BVCA), Deloitte and NorthEdge Capital, the study examines the role private equity can play in unlocking the potential of the north, which lags behind London and the South East in economic growth and productivity.
Authored by Professor Nick Wilson from the Credit Management Research Centre and Professor Mike Wright from the Centre for Management Buyout Research, the paper identifies the key characteristics of a business that would make it suitable for private equity investment and finds that the north is home to over a 1,000, in addition to the 654 companies which already have PE-backing.
Private equity can play a significant role in enhancing the North's productivity rating, scaling up operations in terms of revenue and employment. The backing of an investor has already been shown to yield strong results for management teams, offering both funding and expertise to sustain this growth.
These results demonstrate some of the core values of the Northern Powerhouse, namely the strength of leadership and entrepreneurial vision of the region's businesses. We're confident that with ongoing support and guidance, we can continue to close the gap to London and the South East.
Download the report | Engines of growth: private equity and productivity potenial in the North
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
