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Backing ambition in the South West - by Alistair Pendleton, Head of LDC in the South West & Wales

We launched our Bristol office nine years ago and since then we’ve provided the financial backing and support to help many ambitious management teams drive forward their growth plans.

Amongst other things we have helped through supporting international expansion, investing in research and development to launch a new product, or expanding operational facilities to increase capacity and improve productivity.

Crucially, we’re the only private equity house with an office in this part of the world, which is astonishing given the scale of ambition and the concentration of high-growth firms with a truly differentiated product or service.

This is just one of the reasons why we’re ramping up our investment in the region: £50m was invested out of our Bristol office last year alone.

The core industry in this region is aerospace - Rolls Royce’s factory is based here, as are many firms that supply the engine-maker. But there are also a lot of financial services firms, and food and drink is now a hot sector.

Last year, we invested in healthy food to-go business Vital Ingredient, which has helped the firm roll out more stores. We also backed the management buy-out of water treatment specialist ADEY, which is already seeing success with international contract wins.

It is exciting, entrepreneurial firms like these that are delivering real innovation and driving economic growth.

Backing Business Ambition 2017