British SMEs get record $8.5bn equity investment in 2018

16 June, 2019 12:00 AM printer

LONDON: British Small and Medium Enterprises (SMEs) received a record 6.7 billion pounds (about 8.5 billion U.S. dollars) equity investment in 2018, figures released Friday by British Business Bank, a government’s economic development bank established in 2014.

According to its Small Business Equity Tracker 2019 report, a record 6.7 billion pounds of equity finance was invested into British SMEs in 2018 —the second successive year standing over 6 billion pounds, reports Xinhua.

Notably, equity investment outside London soared by 29 percent, compared with the last year, to 2.8 billion pounds.