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Birmingham Post
Birmingham Post
Business
Andrew Arthur

South West firms secured almost half a billion in VC funding in 2022

KPMG South West Bristol

Venture capital investment into South West businesses is rising with innovative firms securing almost half a billion pounds last year.

New data from financial services giant KPMG has shown companies in the region secured £455m across 124 deals in 2022. This represented a 9% rise from the £416m raised in 2021.

KPMG said almost half of the scale-up businesses that received investment were headquartered in Bristol. It added that some of the largest investments went into businesses in the AI, Cleantech, Fintech and Manufacturing sectors..

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