Explore the ScaleUp Annual Review 2022

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CONTENTS

Introduction 2022

Annual Review Highlights Ministerial Foreword Executive Summary 2022 Recommendations

Chapter 1 2022

The ScaleUp Business Landscape

Scaleup indicators from a national and local perspective The ScaleUp Landscape Sectoral and regional clustering Local Analysis of growth in scaleups Small high-growth businesses: observing the scaling pipeline Local Analysis of growth in the Scaling Pipeline Understanding the relationship between scaleups and the pipeline highlights an opportunity to convert the pipeline Growth rate analysis for scaleup and scaling pipeline businesses Conclusions 2022 Scaleup Leaders’ Views 2022 ScaleUp Survey – at a glance Scaleup Survey 2022 Access to markets Talent and skills Access to finance Leadership Looking forward

Chapter 2 2022

Leading Programmes Breaking Down the Barriers for Scaleups

Leading Programmes Breaking Down the Barriers for Scaleups Access to Talent and skills – Insight: The Scale of Need: Understanding the talent development needs of scaleups – Programmes Endorsed & Ones to Watch Talent & Skills Leadership – Insight: Building up board-level expertise – Insight: Building brand and communications strategies to drive scaleup growth – Insight: Peer Groups – The power behind scaleups – Programmes Endorsed & Ones to Watch Leadership Access to Markets – Insight Collaboration & Procurement Checklist – Programmes Endorsed & Ones to Watch Markets Finance – Insight: Growth capital roundtable – Insight: The Growing Role of Angels in the Scaleup Ecosystem – Programmes Endorsed & Ones to Watch Finance Infrastructure – Insight: Clusters and Hubs – Programmes Endorsed & Ones to Watch Infrastructure

Chapter 3 2022

The Local Scaleup Ecosystem

Location, location, location EAST OF ENGLAND & EAST MIDLANDS Cambridgeshire and Peterborough New Anglia South East Midlands SOUTH EAST ENGLAND Enterprise M3 Oxfordshire South East Thames Valley Berkshire SOUTH WEST Cornwall & Isles of Scilly Heart of the South West West of England WEST MIDLANDS Greater Birmingham and Solihull Worcestershire NORTH WEST Greater Manchester Lancashire Liverpool City Region NORTH EAST Leeds City Region North East South Yorkshire Mayoral Combined Authority UK NATIONS Northern Ireland Scotland

Chapter 4 2022

The Policy Landscape

Scaleup Identification – Data – Insight: Female founders: the opportunities ahead – Insight: Ethnic and minority owned scaleups Markets – Policy Overview – Access to Markets ScaleUp Procurement Index Talent and skills – Policy Overview – Insight: The scale-up visa Access to growth capital – Policy Overview – Insight: Scaling businesses and the use of debt and working capital finance Leadership remains central to scaleup growth – Insight: Scaling the business, keeping the culture Driving growth through the power of clusters and hubs

Chapter 5 2022

Looking forward

Making The UK the Best Place to Scale a Business

Annexes 2022

Local Area Summaries

SCALEUP STORIES 2022

EAST MIDLAND AND EAST OF ENGLAND

Across the East Midland and East of England there are 5,250 scaleups with key clusters in Manufacturing, Wholesale/Retail, Health/Social Work, Admin & Support Services, Professional, Scientific & Tech. There are 2,720 businesses in the scaling pipeline growing between 15-19.99%.

As we assess the development across 2020 in local scaleup dynamics we see an overall slow down in scaleup growth in many localities and continuing regional disparities.

There are 6 LEPs within the East Midland and East of England and over the seven year trend since monitoring began we see on a regional level:

  • The average of the region showed a significant increase from 40.4 in 2013 to 48.2 in 2020 in scaleup density (up 7.8 scaleups per 100k population). By comparison the national average increased by 8.5 scaleups per 100k population during this time period.

More locally we observe:

  • Greater Cambridge and Greater Peterborough and Leicester and Leicestershire are the two LEPs in the region that track above the national average in 2020.
  • 4 out of 6 LEPs in the region have increased scaleup density in 2020


Scaleups are seeking locally focused scaleup support with connectivity to national and international programmes and stakeholders as they grow. 

In the following pages we look deeper into two exemplar areas, Greater Cambridge and Greater Peterborough, New Anglia and South East Midland, within the East Midland and East of England highlighting the local dynamics and strategies that have been developed alongside the scaleup support that is available and what impact has been delivered for local scaling businesses.

Further insights on each LEP in the East Midland and East of England can be found in the Annex and a range of public and private programmes supporting scaling businesses operating in  the East Midland [here] and in the East of England [here].

Previous Location, location, location
Next Cambridgeshire and Peterborough
CONTENTS

Introduction 2022

Annual Review Highlights Ministerial Foreword Executive Summary 2022 Recommendations

Chapter 1 2022

The ScaleUp Business Landscape

Scaleup indicators from a national and local perspective The ScaleUp Landscape Sectoral and regional clustering Local Analysis of growth in scaleups Small high-growth businesses: observing the scaling pipeline Local Analysis of growth in the Scaling Pipeline Understanding the relationship between scaleups and the pipeline highlights an opportunity to convert the pipeline Growth rate analysis for scaleup and scaling pipeline businesses Conclusions 2022 Scaleup Leaders’ Views 2022 ScaleUp Survey – at a glance Scaleup Survey 2022 Access to markets Talent and skills Access to finance Leadership Looking forward

Chapter 2 2022

Leading Programmes Breaking Down the Barriers for Scaleups

Leading Programmes Breaking Down the Barriers for Scaleups Access to Talent and skills – Insight: The Scale of Need: Understanding the talent development needs of scaleups – Programmes Endorsed & Ones to Watch Talent & Skills Leadership – Insight: Building up board-level expertise – Insight: Building brand and communications strategies to drive scaleup growth – Insight: Peer Groups – The power behind scaleups – Programmes Endorsed & Ones to Watch Leadership Access to Markets – Insight Collaboration & Procurement Checklist – Programmes Endorsed & Ones to Watch Markets Finance – Insight: Growth capital roundtable – Insight: The Growing Role of Angels in the Scaleup Ecosystem – Programmes Endorsed & Ones to Watch Finance Infrastructure – Insight: Clusters and Hubs – Programmes Endorsed & Ones to Watch Infrastructure

Chapter 3 2022

The Local Scaleup Ecosystem

Location, location, location EAST OF ENGLAND & EAST MIDLANDS Cambridgeshire and Peterborough New Anglia South East Midlands SOUTH EAST ENGLAND Enterprise M3 Oxfordshire South East Thames Valley Berkshire SOUTH WEST Cornwall & Isles of Scilly Heart of the South West West of England WEST MIDLANDS Greater Birmingham and Solihull Worcestershire NORTH WEST Greater Manchester Lancashire Liverpool City Region NORTH EAST Leeds City Region North East South Yorkshire Mayoral Combined Authority UK NATIONS Northern Ireland Scotland

Chapter 4 2022

The Policy Landscape

Scaleup Identification – Data – Insight: Female founders: the opportunities ahead – Insight: Ethnic and minority owned scaleups Markets – Policy Overview – Access to Markets ScaleUp Procurement Index Talent and skills – Policy Overview – Insight: The scale-up visa Access to growth capital – Policy Overview – Insight: Scaling businesses and the use of debt and working capital finance Leadership remains central to scaleup growth – Insight: Scaling the business, keeping the culture Driving growth through the power of clusters and hubs

Chapter 5 2022

Looking forward

Making The UK the Best Place to Scale a Business

Annexes 2022

Local Area Summaries

SCALEUP STORIES 2022