However, when it comes to venture capital funding, the South East is the strongest region outside of London. It has the second-highest number of private equity-backed companies at 115, and of VC-funded companies with 54. With £58 million of VC funding, it also far outpaces every region but London, and has had three consecutive years of growth in this kind of funding.
In fact, while national start-up and expansion metrics have been in flux, the South East has thrived. Funding and companies still continue grow across most indicators – though the South East now also has strong competition outside of London as well, coming from the North West’s attractive business climate.