Smaller businesses in the West Midlands secured over £120m in equity investment in 2023

The annual Small Business Equity Tracker found that there was more than £120 million of equity investment into small businesses across 71 deals completed in the West Midlands region in 2023.This was 21 per cent less compared to the previous year, but this was reflected across the overall market, which has seen equity investment for smaller businesses returning to pre-pandemic levels, following record levels of activity in 2021 and 2022.

Tracy Sherratt, senior manager, UK Network West Midlands at the British Business Bank, said: “The West Midlands is a thriving area that the British Business Bank is keen to support through equity investments and this is reflected in the 71 deals in 2023 showcased in today’s Small Business Equity Tracker.

In February 2024, the British Business Bank launched the Midlands Engine Investment Fund II, a £400m fund aimed at unlocking additional funding to help smaller businesses in the Midlands prosper and thrive.

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