Growth Capital Update: UK SMEs set for record year of growth equity capital fundraising

The resilience of the UK SME sector is clear from a strong Q3 during which 117 private companies raised £501.3 million of growth funding. This accelerates the impressive momentum already under way, setting 2017 on course to be a record year.

Last quarter’s figures bring the year-to-date total to £1.35 billion raised by 330 companies, suggesting 2017 will comfortably exceed 2015’s peak when 394 businesses raised £1.53 billion. Our analysis covers mid-market range transactions in which UK private companies have raised £1 million to £15 million of growth equity capital.

The figures highlight the strength of this part of the UK economy despite prevailing uncertainty in the macro-backdrop. John Cowie, partner and head of growth capital at Kingston Smith, says: “We are genuinely encouraged to see this dynamic part of the market grow. While we understand the tremendous growth prospects these businesses have, it is very promising to see more international backers invest as a vote of confidence.”

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