We spoke with the Global Banking and Finance Review about why increasing the success rate of scale-ups is critical to rebuilding the economy.
“Increasing the success rate of scale-ups is critical. Currently the scale-up phase is a missed opportunity for the investment community and the economy as a whole. Some of these businesses have the potential to be worth £50 – £100 million; a few may even make it to unicorn status given the right funding and support. The government has thankfully recognised the importance of supporting scale-ups. It has implemented some worthwhile schemes such as the Help-to-Grow training scheme for small businesses, and the Future Fund business loans.
The investment community needs to step up too by plugging the funding gap and offering the scaling expertise and experience that many small businesses are missing. The impact on the economy if we get this right cannot be underestimated. ”