• The Consequences Of Insufficient Funding To High Growth Companies

    When we surveyed 100 high growth companies we identified 59% of them that said that they had not had access to sufficient finance and funding to support their growth rate (growing faster than 20%+ pa). We went on to question them about the consequences of that lack of funding and these were their responses:

    • 40.7% - Had to turn down business

    • 22.0% - Now owe money

    • 13.6% - Became loss making

    • 8.5% - Had to get rid of staff

    • 5.1% - Experienced poor cash flow

    • 3.4% - Didn't grow as predicted

    The key issues this identifies is the link between the lack of finance available to fast growing companies, the loss of business in the UK and the loss of UK jobs - both essential to growing the UK economy and continuing its recovery. Plugging the funding gap for high growth companies should be a priority - these businesses are already outstripping the average GDP growth rate in the UK, with more funding they can contribute even further.

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