Spotlight on Spinouts 2025

Continuing our partnership with the Royal Academy of Engineering, we explore the UK academic spinout landscape.

The fifth edition of Spotlight on Spinouts provides a comprehensive analysis of the 1,609 active UK spinouts. While spinouts represent just 3.21% of the UK’s high-growth company landscape, they continue to outperform their size. In 2024, they secured £2.60b in equity investment, even as wider investment in high-growth companies declined by 19%. This year’s report examines the geographic distribution of spinouts, key trends in leadership diversity, and equity funding patterns.

Download the report for additional insights into the UK’s spinout ecosystem

Inside the report

Meet the team

  • 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.

  • 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.

  • 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.

  • Bila Turay Research Manager

    Bila handles data analysis and visualisation, as well as project management. Before joining Beauhurst, Bila worked at an R&D Tax consultancy. She graduated from the University of Warwick with a Master of Chemistry (MChem).

  • 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.

  • Advone Katsande Associate

    Advone writes copy, and performs data analysis and visualisation. She has written on the nature of Venture Capital Trusts, and worked on projects for Rawnet and Deloitte. She read Law at the University of East Anglia, where she acquired her undergraduate LLB.

  • Blanca Valencia Graduate Associate

    Blanca handles data analysis and visualisation, as well as copywriting. Prior to joining Beauhurst, Blanca graduated from Queen Mary University of London, where she was awarded a BSc in Computer Science with Management (ITMB).

  • Harry Walker Graduate Associate

    Harry conducts data analysis and visualisation. Prior to joining Beauhurst, Harry graduated from Loughborough University, where he was awarded a BSc in Economics, having also completed a Placement Year working in Risk Analysis at the Bank of England.

  • Justin Tsui Graduate Associate

    Justin handles data analysis and visualisation, as well as copywriting. Before joining, Justin graduated from Imperial College London, where he was awarded a MSc in Applied Biosciences and Biotechnology. He has also previously worked in consulting and academia.

  • Evangeline Luckhurst Graduate Designer

    Evangeline performs graphic design and data visualisation in the Research & Consultancy team. Prior to joining Beauhurst, Evangeline graduated from University for the Creative Arts, where she was awarded a BA(Hons) in Illustration and Animation.

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