Deepbridge Capital comments on UK quarterly GDP rising by 4.8%

Ian Warwick, Managing Partner at Deepbridge Capital, comments on the ONS publication of the UK quarterly GDP rising by 4.8%.

Ian Warwick said:

“Although expected with the economy reopening, today’s GDP data is the latest sign of positive growth for the economy. As we continue to focus on economic recovery, it remains critically important that scale-up businesses, particularly in high-growth sectors such as digital technologies and life sciences are supported; as they will be at the very heart of economic growth as we create an economy fit for the twenty-first century.

“Government initiatives such as the Enterprise Investment Scheme (EIS) have never been more important for helping entrepreneurs and innovators source the funding they require, whilst also offering private investors with tax incentives to develop UK-supporting private equity portfolios. With our EIS funds reaching record levels of funding in 2020/21 it is evident that there is considerable demand from investors and financial advisers alike to invest in early-stage UK companies which we believe will be at the forefront of our economic recovery.”

Kindly shared by Deepbridge Capital

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