LOCAL AREA SUMARY:

West of England

Total number of scaleups

No. by employee growth

No. by turnover growth

No. by employee and turnover growth

Total employees

Total turnover

Top 5 Visible Scaleups by Employee Growth

ClearBank
ClearBank operates a clearing bank that aims to increase efficiency and transparency in the banking industry through its software, as well as automating a number of processes and speeding up payment processing.

Deeley Freed
Deeley Freed operates multiple property development businesses, focussing on area regeneration.

Autograph Homes
Autograph Homes builds and manages housing projects.

OVO Group
OVO Group comprises of a number of clean energy companies, including OVO Energy , which supplies gas and electricity.

Graphcore
Graphcore has developed a processor optimised for machine-learning tasks, and technology to accelerate machine learning applications both in servers and in the cloud. It also provides an open source machine learning development framework in C++ and Python.

Top 5 Visible Scaleups by Turnover Growth

OVO Group
OVO Group comprises of a number of clean energy companies, including OVO Energy , which supplies gas and electricity.

Holleys Fine Foods
Holleys Fine Foods operates a grocery wholesaler.

Graphcore
Graphcore has developed a processor optimised for machine-learning tasks, and technology to accelerate machine learning applications both in servers and in the cloud. It also provides an open source machine learning development framework in C++ and Python.

Go-Pak Group
Go-Pak Group manufactures and supplies a range of food packaging and equipment.

Anana
Anana develops customer experience software and provides customer experience consultation services.

Local LEP ScaleUp Programmes

Available scaleup support in the area is provided through a range of different programmes and incubators. The SETsquared Scale-Up Programme is designed around the key challenges of securing public grant and private investment for company-led R&D and innovation. Engine Shed provides flexible infrastructure and aims to connect resident businesses with their peers, investors via an onsite Angel Hub and an investment activator programme and structured scaleup support from SETsquared. Support from Innovate UK EDGE is delivered through Business West in the area helping scaling businesses overcome key challenges including access to international markets and access to investment and funding for R&D. Specialist sectoral support for the Creative sector includes the Creative Sector Growth Support and the recently launched Create Growth programmes offering leadership capability building and investment readiness support.

Scaleup Views

The key barriers to growth are UK Markets & International Markets, Access to infrastructure/premises / broadband/ and Access to the talent you can hire. They are looking for support through Funding/support for innovation and R&Dand want easier acces to Innovate UK.

Top barriers to growth

  1. UK Markets & International Markets
  2. Access to infrastructure/premises / broadband/
  3. Access to the talent you can hire

want TO SEE more of:

  • Funding/support for innovation and R&D
  • Innovate UK

Sectoral support will be of key focus for the future along with exports, international trade and internationalisation; while the Combined Authority is also developing new support focusing on design, EDI and digital as well as sustainability and the drive to net zero. The new South West fund - expected to launch in the first half of 2023, will offer a range of commercial finance options with loans from £25,000 to £2m and equity investment up to £5m.