Gilion – Beyond Equity: Alternative financing for the UK’s tech startup ecosystem
2025
In partnership with Gilion, our latest report examines the availability of debt financing for tech startups — and the opportunities presented by alternative debt finance providers. |

Is a more intelligent funding ecosystem needed for growth-stage tech startups in the UK?
Produced in partnership with Gilion, our latest report examines the availability of debt financing for tech startups over time — and the opportunities offered by alternative debt finance providers.
And it’s not just private innovation driving this shift with the Mansion House Accords and evolving FCA regulations paving the way for over £50 billion in pension fund capital to be mobilised by 2030. We could be witnessing a sea change for debt capital to become a core pillar of the UK’s startup funding model. |
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 Res&Con 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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