£36m
At growth stage, AI deals were on average £36m – 2.5 times larger than the wider UK equity market in 2024
40%
AI deals were 40% larger on average than deals across the wider UK equity market in 2024
£1.9bn
of equity investment was raised by university spinouts in 2024, representing 17% of total investment across the UK
12%
University spinouts accounted for 12% of UK equity deals in 2024, a record share
£8m
The average deal size for spinouts reached £8m in 2024 – over a third larger than the overall UK average
24%
of all university spinout deals between 2022-2024 were supported by the Bank, demonstrating its role in supporting the commercialisation of cutting-edge scientific research
15%
decline in deal numbers in 2024 to 2,048, reflecting a more cautious investment environment and a trend towards fewer, larger deals
£10.8bn
of equity investment raised by smaller businesses in 2024, a 2% decline
5th
2024 was the fifth highest year on record in value terms for small business equity investment
48%
of the Bank’s equity deals were at the seed stage and 41% at the venture stage between 2022-2024
26%
of businesses backed by angel investors were led by all-female founders, up from 12% in 2019
70%
of UK business angels report that they invest in early-stage businesses
Scotland, the North West and East Midlands
saw the number of deals and total investment value increasing in 2024
5
of the UK’s 12 Nations and regions saw investment growth over 2024
61%
of total UK investment was in London in 2024, down from 73% in 2020
10%
UK vs US investment gap between 2022-2024 but the UK is catching up over the longer term