Page 9 - IM - Praetura Ventures 2019 EIS Fund

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