Explore the ScaleUp Annual Review 2023

Select a section to expand and explore this year's review..

CONTENTS

Introduction 2023

Annual Review Highlights Chair’s Foreword Executive Summary 2023 Recommendations

Chapter 1 2023

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 Growth Rates Analysis for Scaleups and Scaling Pipeline Businesses Conclusion – Insight: UK Unicorns 2023 Scaleup Leaders’ Views 2023 Survey Infographic (Survey at a Glance) Scaleup Survey 2023 Access to Markets Talent and skills Access to Finance Leadership Looking forward

Chapter 2 2023

Leading Programmes Breaking Down the Barriers for Scaleups Access to Talent and skills Programmes Endorsed & Ones to Watch Talent & Skills Leadership Programmes Endorsed & Ones to Watch Leadership Access to Markets – Insight: Corporate collaboration checklist – Insight: Helping scaleups access new international markets: lessons from trade missions and international innovation programmes Programmes Endorsed & Ones to Watch Access to Markets Finance Programmes Endorsed & Ones to Watch Finance Infrastructure Programmes Endorsed & Ones to Watch Infrastructure – Insight: Female founders: the challenges and opportunities

Chapter 3 2023

Location, location, location – Insight: Driving Economic Growth through Scaleup Ecosystems 2023 course EAST OF ENGLAND & EAST MIDLANDS Cambridgeshire and Peterborough East Midlands New Anglia SOUTH EAST ENGLAND Enterprise M3 Oxfordshire South East WEST MIDLANDS West Midlands SOUTH WEST West of England Worcestershire NORTH WEST Greater Manchester Lancashire Liverpool City Region NORTH EAST AND YORKSHIRE North East South Yorkshire Mayoral Combined Authority West Yorkshire Combined Authority UK NATIONS Northern Ireland Scotland

WEST MIDLANDS

Across the West Midlands there are 2,050 scaleups with key clusters in Wholesale & Retail, Health & Social Work, Admin & Support Services and Manufacturing. There are 1,010 businesses in the scaling pipeline growing between 15-19.99%.

There are 5 localities and 30 Local authorities within the West Midlands region. 7 local authorities in the region (Birmingham; Coventry; Dudley; Sandwell; Solihull; Walsall; Wolverhampton) have combined to form the West Midlands Combined Authority. Over the eight year trend since monitoring began we see on a regional level:

  • The average of the region has decreased from 43.2 in 2013 to 34.4 in 2021 in scaleup density. By comparison the national average increased by only 0.3 scaleups per 100k population during this time period.

More locally we observe:

  • Worcestershire is the only locality that has been tracking above the UK average since 2016. However it is showing signs of slowdown in the most recent year, and has fallen below the national average in 2021.
  • Black Country continues to struggle as the area with the lowest density of scaleups amongst all localities in the region.

CONTENTS

Introduction 2023

Annual Review Highlights Chair’s Foreword Executive Summary 2023 Recommendations

Chapter 1 2023

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 Growth Rates Analysis for Scaleups and Scaling Pipeline Businesses Conclusion – Insight: UK Unicorns 2023 Scaleup Leaders’ Views 2023 Survey Infographic (Survey at a Glance) Scaleup Survey 2023 Access to Markets Talent and skills Access to Finance Leadership Looking forward

Chapter 2 2023

Leading Programmes Breaking Down the Barriers for Scaleups Access to Talent and skills Programmes Endorsed & Ones to Watch Talent & Skills Leadership Programmes Endorsed & Ones to Watch Leadership Access to Markets – Insight: Corporate collaboration checklist – Insight: Helping scaleups access new international markets: lessons from trade missions and international innovation programmes Programmes Endorsed & Ones to Watch Access to Markets Finance Programmes Endorsed & Ones to Watch Finance Infrastructure Programmes Endorsed & Ones to Watch Infrastructure – Insight: Female founders: the challenges and opportunities

Chapter 3 2023

Location, location, location – Insight: Driving Economic Growth through Scaleup Ecosystems 2023 course EAST OF ENGLAND & EAST MIDLANDS Cambridgeshire and Peterborough East Midlands New Anglia SOUTH EAST ENGLAND Enterprise M3 Oxfordshire South East WEST MIDLANDS West Midlands SOUTH WEST West of England Worcestershire NORTH WEST Greater Manchester Lancashire Liverpool City Region NORTH EAST AND YORKSHIRE North East South Yorkshire Mayoral Combined Authority West Yorkshire Combined Authority UK NATIONS Northern Ireland Scotland