Connect with us

Hi, what are you looking for?

Investing

Investment opportunities in the Midlands highlighted in new report

Investment in the Midlands

A report issued this week paints a bright future for Midlands-based businesses and showcases the opportunity for investment in what appears to be an undercapitalised region in the UK.

The report, commissioned by the Midlands Innovation Commercialisation of Research Accelerator (MICRA), and produced by Beauhurst, a platform that provides data on the UK’s high-growth and innovative companies, is based on data from 3,453 high-growth Midlands-based companies.

The Midlands is already the fastest growing economy outside of London and the South East.  It has a worldwide reputation in industrial sectors such as automotive and aerospace, is home to the largest number of medical and device technologies in any region of the UK, and is foundational for the UK’s R&D in manufacturing and knowledge-based industries.

The report shows that last year saw a record £665m invested in Midlands-based companies, via 286 equity deals.  Yet while the Midlands is home to 11% of the UK’s high-growth companies, the region only secured 5% of the £13.5bn invested in UK companies.

While this strongly suggests the region may be undercapitalised, the report also highlights the strength of the ‘innovation ecosystem’ and the eight research-intensive universities that make up the Midlands Innovation partnership behind MICRA as foundations for the region’s future prosperity.

Midlands Innovation universities (Aston, Birmingham, Cranfield, Keele, Leicester, Loughborough, Nottingham, Warwick) work with large companies on cutting edge research and commercialisation projects, and the report cites collaborations with Jaguar Land Rover, Rolls Royce and Tata Motors.  In addition to these R&D collaborations, these universities also punch above their weight by generating more patents per unit of research income than any other major UK university grouping, and the region as a whole boasts a portfolio of 173 university spinout companies.

According to Henry Whorwood, Head of Research and Consultancy at Beauhurst, it is the research collaborations and spinouts that show what the future holds for the region.   He commented:  “If investment is a measure of success of a region’s high-growth ecosystem, innovation and spinouts are a measure of its promise.  Spinouts in particular represent a promising asset class for investors.”

In the past five years, there have been successful returns produced for investors in Midlands Innovation spinout companies including from The Native Antigen Company, Allinea Software and Oncimmune plc.

The report was launched today at a roundtable meeting featuring speakers including Professor Trevor McMillan, Vice Chancellor at Keele University and Chair of the Midlands Innovation Board.  He commented:  “The future looks bright for the Midlands.  The confidence expressed in this report is matched by the excellence of our research outputs, and the ranking of the Midlands Innovation universities in the recent Knowledge Exchange Framework, where all eight universities were rated above average for their contributions to local growth and regeneration.”

Read more:
Investment opportunities in the Midlands highlighted in new report

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Latest

Economy

Benigno S.C. Aquino III, the Philippine president who tried to send corrupt officials to jail and took China to court for its island-building activities...

Economy

Personalities took to social media and their respective platforms to express their grief over the death of former President Benigno S. C. Aquino III on Thursday....

Economy

Cloud-based solutions support organizations in terms of collaboration and productivity during the current remote work challenges. As the usage of these tools continues to...

Economy

By Luz Wendy T. Noble, Reporter THE Philippines’ overall balance of payments (BoP) position posted a deficit of $1.39 billion in May, as the...

Economy

National Economic and Development Authority (NEDA) Secretary Karl Kendrick T. Chua stressed the need to fast-track the vaccination of workers to allow the economy...

You May Also Like

Investing

Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...

Investing

As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Economy

US President Joseph R. Biden, Jr., will rely on ally countries to supply the bulk of the metals needed to build electric vehicles and focus on...

Economy

THE Securities and Exchange Commission (SEC) has warned the public from investing or to stop any investment in a group named Maxxprofit Computer Trading...

Disclaimer: SmartRetirementReport.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.



Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!