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
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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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