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South West one of two regions to see increase in equity deals according to British Business Bank

The bank's annual Small Business Equity Tracker shows 155 equity deals completed in the region last year

Steve Conibear, 海角视频 network director, South West, The British Business Bank (Image: Shaun Flannery Photography Ltd)

A recent study has found the South West was just one of two regions to see an increase in equity deals in 2022.

The British Business Bank's annual Small Business Equity Tracker showed 155 equity deals completed in the region last year, with three deals a week completed on average with a total value of more than half a billion pounds; this was an increase of 4%.

Yorkshire and The Humber and Wales were the only two other nations or English regions that saw an increase in deal numbers.

Overall deal value in the South West was down by almost a third at 32% to £540m following a record year in 2021, which included several £50m-plus deals. Nationally there was an 11% decline in total 海角视频 investment value to £16.7bn, driven by a "downturn in market conditions".

Read more: WH Smith completes bank refinancing with new long term £400m sustainability linked facility

The total number of 海角视频 deals also saw a decline of 7%, falling from 2,912 in 2021 to 2,702, the first annual drop in equity deal volumes since the Beauhurst data series began in 2011.

Steve Conibear, 海角视频 network director, South West said: “In the South West deal volumes held up well compared to nationally, but values fell, reflecting the wider market. Encouragingly however, the Bank’s geographically focused programmes are playing an important role in increasing access to SME equity finance.

"Our regional fund in Cornwall and Scilly supported a third of all equity deals in that area in 2022 and we will shortly launch our £200m South West Investment Fund. This is the first of our £1.6bn Nations and Regions Investment Funds and covers the whole of the South West, offering equity investments of up to £5m.”