Sunny

Sunny

max temp: 10°C

min temp: 3°C

ESTD 1874 Search

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.

shares

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.”

shares

0 comments

Jonny Williams, pictured during his loan spell at Ipswich Town earlier this season

Ipswich Town have completed a sensational double swoop moments before the 5pm ‘emergency’ loan deadline – landing Jonny Williams and Zeki Fryers from Crystal Palace.

The search and rescue operation off the coast of Felixstowe.

Two illegal immigrants plunged to their deaths in north-east Essex after desperately jumping from a ship in an attempt to swim to shore after a failed attempt to smuggle themselves in to the UK, an inquest has heard.

Strikes in Byford Road, Sudbury was hit by ram raiders

A stolen Land Rover was used to smash down the door of a bowling alley in Sudbury last night, before the raiders stole money and a change machine from inside the building.

Roe deer feeding in oilseed rape field, Suffolk, by Kevin Sawford

An award-winning wildlife photographer will be giving an illustrated talk on his craft to a group of like-minded enthusiasts.

A bus and a woman have collided in St Andrew's Street South, Bury St Edmunds.

A young woman has been taken to hospital after being involved in a collision with a bus in Bury St Edmunds.

A 27-year-old woman was jogging in Grove Road when a cyclist grabbed her buttock as he cycled past at around 6.30pm on Tuesday,  March 10.

Police are linking three sexual assault incidents in Felixstowe, it was announced today.

Harriet Doe's baby, Baby Ivory-Wood, was delivered by her mum Penny Doe. The trio are pictured with Steed Doe

As licensee at The Bell Inn in Castle Hedingham, Penny Doe is far more used to pulling pints than performing emergency midwifery.

Charlotte and Trevor Stratton with their four year old  daughter Megan who calmly dialled 999 when Charlotte was taken ill.

A remarkable four-year-old from Lowestoft has been recognised for her extraordinary bravery by Suffolk police, after dialing 999 when her mum collapsed.

The final church service at Chilton Church

Andy Abbott shares more classic black and white imagery that emerged in the late 1970s and 80s from his camera and the EADT darkroom in King Street, Sudbury, where hewas first based.

Most read

Most commented

Topic pages