Northern tech investment reaches ten-year high
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27th March 2019

Northern tech investment reaches ten-year high

Investment in northern tech companies has reached a ten-year high, according to Livingbridge, as investors across the globe target the region's fast-growing digital sector.

The private equity firm’s research, conducted in partnership with Experian Corpfin, has found that 206 deals involving such business based in the North completed in 2018; almost double the number seen in 2009 and 10 per cent more than in 2017.

 

The overall value of tech investment in 2018 also soared, with the more than £2.3bn completed representing an increase of 77 per cent.

One of the largest deals was the £235m investor buyout of Chorley-based ParkingEye from Capita.

Matthew Jacobs at Livingbridge said: “Last year we saw a rise in investment across the sector, from fintech to computer manufacturing, and it is interesting to see a large number of deals backed by overseas investors, with the US a particularly prominent player.

“With such a degree of agility and world-class entrepreneurship in the North, there is great investor appetite for businesses looking to scale.”

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