Page 11 - Venture Partner Program 2019 - Praetura Ventures

Lack of North West VC Funding

Underserved Area
Despite the strong macro-economic indicators demonstrated in the North West, the
region is lacking infrastructure and financial support for start ups, particularly outside of
Greater Manchester.

Venture capital investment in the North West is significantly underweight in comparison
to the economic indicators for the region.

Whilst the North West accounts for c.10% of the UK’s economy across a wide spectrum
of indices, only 3.6% of UK venture capital investment is transacted in the North West.
Furthermore, the North West is showing the strongest growth in GVA of any UK region
outside of London.

This is further supported by the limited number of privately funded, early-stage investors
who are active in the region.

Population 11.0%

VC Investment 3.6% £300-600m Shortfall

PE Investment 7.7%

GVA 9.5%

New Starts 10.2%

Enterprises > £5m turnover 10.2%

Enterprises > 50 employees 9.8%

Enterprises 9.8%

Source: PMSI Strategy LLP