The number of companies with venture capital funding is also 20, again decreasing by just one company year-on-year. Northern Ireland boasts a 6.4% share of the UK’s VC-funded companies, and ranks above numerous other regions for this metric, including Yorkshire & the Humber (17), South West (16), West Midlands (12), North East (10), North West (9), East Midlands (3).
However, the value of VC investment has fallen by a third, to £2 million, from £3 million last year.
Northern Ireland saw 21 M&A deals involving enterprises up to five years old since last year’s research, equal to the number of such deals in Scotland (21) and a higher level of M&A activity than in Wales, which saw 13 such deals. At a UK-wide level, M&A activity involving enterprises up to five years old is up, reaching a new high of 505, significantly higher than the 395 in 2016’s research.