Investment is key for scaling any business, but especially so for frontier digital companies. Investment allows businesses to invest in technology and people that will make them internationally competitive. Access to investment should be equal, regardless of where in the UK a business is located.
Access to private funding tends to be greater in southern England, particularly around London, Oxford and Cambridge. Disparities in access to private investment may be driven by the location of investors themselves.
This data is sourced from Dealroom and The Data City. It shows the access to private investment regardless of sector.
Access to private investment is defined as the number of funded businesses in each local or combined authority that have received private investment, compared to the number of registered businesses in a local or combined authority. Private investment includes VC and other non-public forms of financing.
The location of companies has been decided based on companies' registered addresses. Companies may have additional operating addresses, and investment may be received or spent by another operating location. This may effect the analysis through the headquartering effect, where companies choose to register their business in London, even if their substantive operations are elsewhere.