Equity investment into spinouts 2025
2024 represents one of the strongest years in the last decade for spinout investment
In collaboration with Parkwalk, we explore how UK spinouts are powering the future economy — from record-breaking biotech raises to the growing role of AI and digital technologies. The top sectors for investment align with the government’s Modern Industrial Strategy, where life sciences and advanced tech are central to long-term growth.
Key findings include:
- • Record £3.35b invested in 2024, more than 40% year-on-year
- • Two landmark raises: Autolus (£436m) and Bicycle Therapeutics (£435m)
- • Signs of a more balanced national picture emerge, with the introduction of new funds and government support set to boost the northern regions
Inside the report
About the authors
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Henry Whorwood
Managing Director
Henry leads our Research & Consultancy team, and is an expert on equity finance and high-growth business. He's worked on briefs for the likes of Barclays, SyndicateRoom, Innovate UK, Smith & Williamson and British Business Bank. He regularly gives presentations on market trends at events around the UK.
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Callum Newton
Senior Associate
Callum is a Senior Research & Consultancy Associate, responsible for leading on the team's public sector work. Before joining Beauhurst, Callum was a Senior Researcher at Westminster-based think-tank Onward focusing on ‘Levelling Up’ policy. He was also a Consultant in Portland Communication’s specialist Litigation & Disputes practice.
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Hannah Nicholls
Designer
Hannah produces graphic design and data visualisation for the Research & Consultancy team. Since receiving a BA (Hons) in Graphic Design Communications from Chelsea College of Arts (University of the Arts London), Hannah has accumulated over 10+ years of experience within the design industry and has specialised in data visualisation for the last 3+ years.
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Miraj Mistry
Research Manager
Miraj handles project management and data analysis. Miraj recently joined Beauhurst, his previous role was with an economic consultancy who specialise in providing socio-economic research and analysis to support infrastructure and transport projects. He holds an MSc in economics from the University of Bristol and a BSc from the University of Leeds.
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