Despite the uncertainty that has become more of a new normal of late, we’re seeing a continued focus on progress, optimism and a pragmatic approach to getting things done in the business communities across Yorkshire and the North East. This is in no small part, thanks to the resilient and ambitious business leaders this unique region produces.
We’ve already seen how the region has responded over the last 12 months. Indeed we completed a number of new investments with a combined deal value of more than £150million and supported two of our most well-known portfolio companies onto the next stage of their growth journey - video games label Team17 and the iconic Yorkshire crisp brand, Seabrook.
We have also continued to support the buy and build ambitions of those we back, often providing follow-on funding. Indeed, we’ve supported seven portfolio acquisitions across our regional portfolio in the last 12 months.
The roll call of recognition our portfolio has received is a real testament to their achievements.
To name just a few, Giacom and ZyroFisher landed a trio of accolades at the BVCA Yorkshire & North East Management Team Awards, while Specialist People Services was named one of UK’s fastest growing businesses in the Sunday Times HSBC International Track 200. Our investment in Linley & Simpson won Deal of the Year (£5m - £25m) at the Yorkshire Dealmaker Awards and NBS was also named Private Equity Deal of the Year at the North East Dealmaker Awards.
We’re very proud to have raised £18,000 for our chosen charity, Sue Ryder Manorlands Hospice in Keighley, which does such fantastic work providing care, advice and support for people living with life-limiting conditions and their families.
This is all part of our commitment to keep supporting the region, and, despite the uncertainty events such as Brexit may bring, we are confident this momentum will continue throughout 2019.
Yorkshire and the North East has always been home to many strong and resilient business leaders, and we have no doubt they will continue to push on with their growth plans. This is why our pledge to invest £1.2billion nationally over the next three years remains unchanged.