It’s time savers benefited from Britain’s scale-up success
Growth in every postcode won’t help Brits if the proceeds are invested abroad, says Saul Klein As a serial entrepreneur, operator and investor I’ve noticed that Britain has a habit of talking itself down, even when the evidence tells a different story. Across the UK, from King’s Cross to our regional innovation clusters, we have [...]
British innovators have quietly constructed the world's third largest economy, trailing only the US and China, spanning various industries from AI to automotive and energy. Despite this industrial renaissance, British investors have only allocated less than 1% of their growth economy to domestic businesses. With three years of experience, the Phoenix Court scale-up fund has witnessed firsthand the viability of this thriving pipeline.
Notably, 18 companies spanning an array of sectors, including AI, automotive, and financial services, have collectively generated £5 billion in revenue and created over 8,500 high-value jobs. Pioneered in partnership with M&G's Catalyst programme and the British Business Bank, this Solar pilot fund has attracted global investors like DST, General Catalyst, Softbank, and Temasek.
However, only 17% of the investors in the fund's scale-up rounds were UK-based. To reap the benefits of this burgeoning economy, British savers must actively participate in backing their own growth.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
