Business Funding in ‘Traditional’ Companies Reaches “Record High”
Investment in non-tech businesses grows from 24% in 2011 to 45% in first half of 2014
The rate of business investment has increased dramatically in the first half of 2014 according to new research, with ‘traditional’ industries outside of the technology sector reaching “record” levels.
The report, by data firm Beauhurst, suggests investors are taking a “more balanced approach”, with the rate of investment taken up by non-tech companies increasing from 24% in 2011 to 45% so far in 2014.
Traditional businesses such as professional services, industrial industries retail and leisure all witnessed considerable growth.
The business and professional services sectors gained £338m in investment in the first half of 2014, compared to £279m for the whole of 2013. Additionally investments in industrial businesses, retail, and leisure and entertainment are all over 50% of their total equity investment in 2013.
CEO and co-founder of Beauhurst, Toby Austin, commented on the results:
“It’s great to see more traditional, less technology-focused growing companies finally getting a look in.
“It will be great for the economic recovery and will encourage diversification in the business community.”