Despite a downturn in venture capital (VC) and expansion funding, Scotland is still a strong performer for start-ups among UK regions outside London and the South East. However, it struggles to maintain high-growth companies – with just 171 high-growth enterprises, it accounts for only a 4% share of these companies nationwide.
Scotland hosts 58 private equity-backed companies. While this number is down from 72 such companies year-on-year, Scotland is still fourth for this metric, outpaced by only the North West (78), South East (115) and London (204).
The number of companies with venture capital funding has also declined year-on-year, from 27 to 25. In this metric, Scotland ties for third with the East of England, behind London (89), South East (54), and Wales (32). Despite this, overall amount of VC funds have increased yearly from £11m to £12m.