Overcast

Overcast

max temp: 16°C

min temp: 13°C

Search

The pigs have arrived. See the latest

Pigs Gone Wild

news here.

East Anglia: One in four of region’s companies is now a ‘high-growth’ firm, Barclays/BGF study shows

06:00 31 March 2014

Police are trying to contact customers who used an ATM which had a skimming device attached

Police are trying to contact customers who used an ATM which had a skimming device attached

One out of every four companies in East Anglia now ranks as a “high-growth” business, according to a new study.

The proportion of high-growth companies in the region increased by 42% between March 2012 and March 2013 to 25%, the latest Barclays and BGF Entrepreneurs Index report reveals.

This is one of the biggest rises recorded nationally, just behind Wales (66%), the Midlands (54%) and the North West (44%).

This index is the fourth in a bi-annual series tracking the entrepreneurial lifecycle across the regions of the UK, using data to measure start-ups, growth and share sales.

The findings reveal that East Anglia saw a 14% fall in the number of active, growing companies recording share sales in the past year to 477. This could indicate that entrepreneurs in East Anglia are concentrating on growing further while they capitalise on a strengthening economy, before they consider a transition from the expansion to exit phase.

There was a 0.5% rise in the number of enterprises in 2013, making East Anglia home to 217,620 enterprises, ranking the region fourth nationally behind the Midlands, the South East and London.

Simon Smith, regional director at Barclays Wealth and Investment Management in East Anglia said: “The findings in this edition of the Entrepreneurs Index confirm that the economic recovery in East Anglia is gathering pace.

“This is something we are seeing on the ground: Cambridge alone is home to more than 1,500 science and technology-based companies, including ARM, one of the UK’s most successful companies. As a result, the city has become a major hub for talent, and a key destination for venture capital and other forms of funding.

“The fact that an increasing proportion of companies in East Anglia go on to become high-growth indicates that they have strong foundations underneath them and savvy entrepreneurs leading them.”

Chris Hodges, investment director for East Anglia at BGF, added: “The latest Barclays and BGF Entrepreneurs Index clearly highlights the positive environment that exists in East Anglia for businesses of all sizes looking to grow.

“As long-term equity investors in growing UK companies, we are encouraged by the fact that there is this clear and addressable market in East Anglia, full of business owners who are keen to expand.”

0 comments

Video: Tornado spotted in Suffolk

Yesterday, 19:05
Tornado spotted in Old Newton. Picture: Emma Cobbold

A mid-Suffolk resident has spoken of the “surreal” moment she spotted a tornado as she drove through the county this evening (Tuesday).

Television personality Cathy McGowan came to Ipswich in February 1967

Opening in 1967, Fanny was the first boutique to open in Ipswich, writes David Kindred,

Road crash. Library image.

A crash involving a bus and a car has blocked an Ipswich road.

Michael Murdon, from Woolpit

Police are appealing for help to find a missing man from Woolpit who may be in Felixstowe.

Sebastian Beaumont-Hewitt and Tobey Bloomfield.

Beaver Scouts in Ipswich celebrate 30th anniversary in swine style.

The Bishop of St Edmundsbury & Ipswich The Right Reverend Martin Seeley, centre, and clergy with priests who were ordained at St Edmundsbury Cathedral, on Saturday. 25/06/16.

Fifteen new priests and deacons, including two in their 20s, have been ordained during a ceremony in Suffolk.

Stoke Street, where the incident happened

Three men arrested on suspicion of attempted murder in Ipswich have been told they will not be charged.

An Abellio Greater Anglia train at Colchester

Rail services are delayed between Ipswich and Lowestoft, and between Manningtree and Colchester, due to problems on the network.

Tracy Garwood's car parked on her drive in Saturn Road, Ipswich

A woman has been left fuming after she was given a ticket for a car parked on her drive, which was deemed to be on double yellow lines.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24