Capital, clusters and the scale-up gap

In this latest report, Bidwells and Beauhurst analyse £6.3 billion of growth-stage investment raised by UK university spinouts between 2022 and 2026. The findings reveal a significant scale-up gap, with just 8p of every £1 raised coming from rounds funded exclusively by UK investors, while overseas capital continues to dominate the largest funding rounds.

As the UK government advances reforms through the Industrial Strategy, Mansion House Accord and Pension Schemes Act, this research explores whether the country can build the capital, infrastructure and support needed to help more science and technology businesses scale from the UK.

Download the report to discover where spinout growth capital comes from, why the £75 million funding threshold matters, and what must happen next to ensure more of the value created by UK innovation remains in the UK.

Download the full report to read more