A key driver of economic growth, the travel and transport sector helps connect regions throughout the UK. In 2023, the North West saw several companies securing significant investment to drive innovation and development in this space. This article highlights the top 10 travel and transport companies in the North West based on the highest amount of fundraising and evaluates how the region compares to others in the UK, using key fundraising benchmarks.
Top Travel and Transport Companies in the North West
This data reflects fundraising raised in 2023 by UK companies officially registered and active on Companies House within the travel and transport industry.
- Wondle
Total amount raised: £198k
Location: North West
Wondle provides transportation technology solutions, offering software for the logistics industry. Their recent fundraising will help expand their platform to reach new markets. - Swifty Scooters
Total amount raised: £200k
Location: North West
Swifty Scooters designs and manufactures high-performance, stylish scooters. Their 2023 fundraising aims to boost production capacity and expand their product line to meet growing demand for urban mobility solutions. - IR Kinetics
Total amount raised: £271k
Location: North West
IR Kinetics develops cutting-edge engineering solutions for transport and defence sectors. Their recent fundraising supports research and development in advanced transport technologies. - DSG Finance
Total amount raised: £750k
Location: North West
DSG Finance offers a range of financial services for the automotive industry, helping customers purchase vehicles through flexible finance options. The company’s recent fundraising will support the growth of its digital finance platform. - Armada Technologies
Total amount raised: £2.50m
Location: North West
Armada Technologies is focused on developing autonomous vehicles for logistics and freight. Their 2023 fundraising will help advance their autonomous vehicle technology and facilitate pilot programs across the UK. - LiNa Energy
Total amount raised: £2.70m
Location: North West
LiNa Energy develops advanced battery technologies for electric vehicles (EVs). Their recent fundraising supports the commercialization of their battery systems, contributing to the growth of EV infrastructure in the region. - Lakeland Leisure Estates
Total amount raised: £4.0m
Location: North West
Lakeland Leisure Estates operates a network of high-end holiday parks and resorts. Their 2023 fundraising will be used to expand their portfolio of holiday parks and improve customer experience with new, sustainable travel options. - Partington’s Holiday Parks
Total amount raised: £5.0m
Location: North West
Partington’s Holiday Parks offers a range of holiday accommodation services across the UK. Their recent fundraising will help expand their properties and enhance their offerings, focusing on sustainable and eco-friendly tourism. - MST
Total amount raised: £5.0m
Location: North West
MST is a leader in the design and manufacture of vehicle systems for the construction and transport industries. The company’s fundraising will support the development of new, sustainable transport solutions for heavy-duty vehicles. - Fuuse
Total amount raised: £8.7m
Location: North West
Fuuse provides electric vehicle charging infrastructure solutions. Their 2023 fundraising is aimed at expanding their network of EV charging stations across the UK, supporting the country’s transition to electric transportation.
How is the North West Performing?
Using regional fundraising benchmarks from 2023, we can critically evaluate how well the North West is performing in the travel and transport sector compared to other regions in the UK.
Total Fundraising Amount
In 2023, the North West raised £33.4 million across its top companies, putting it ahead of Yorkshire and The Humber, which raised £3.7 million, but still behind regions like the East of England, which secured £93.9 million. The North West’s focus on sustainable transport solutions and holiday park services has contributed to steady growth in this sector.
Average Fundraising per Company
The North West’s average fundraising per company is £3.34 million, which is in line with other regions outside of London. This highlights the region’s ability to attract significant investments, particularly in electric vehicle infrastructure and holiday accommodation.
Top Fundraising Company
Fuuse raised £8.7 million in 2023, positioning it as the top performer in the North West. Fuuse’s work in expanding the electric vehicle charging infrastructure is crucial for the region’s role in the UK’s transition to electric transport.
How does the North West compare to other regions in the UK?
The North West is performing well compared to smaller regions, but it remains a mid-tier player relative to larger hubs like London. The region’s focus on sustainable transport solutions, particularly in electric vehicles and eco-friendly tourism, positions it as a key contributor to the UK’s sustainability goals. However, further investment in advanced transport technologies could help the North West compete more effectively with regions like London and the East of England.
The Future of Travel and Transport Companies in the UK
The North West is well-positioned to continue growing its travel and transport sector, especially in the areas of electric vehicle infrastructure and sustainable tourism. Companies like Fuuse and LiNa Energy are leading the way in transforming how people travel and how goods are transported across the UK. As the demand for sustainable transport solutions increases, the North West will play an important role in the future of the UK’s travel and transport landscape.