The life sciences sector became the most popular destination for equity investment into tech-focussed smaller businesses in Scotland last year, as the pandemic increased interest in healthcare technology.
British Business Bank analysis of Beauhurst data on the equity markets showed that that investment in Scotland’s smaller life sciences companies reached £61m during the first nine months of 2021 – 42% higher than the £43m made in the whole of 2020.
Equity investment into smaller businesses in Scotland’s technology industry as a whole reached £163m by the end of the third quarter of 2021, 36% higher than 2020’s total of £121m.
