Funds keen to invest in health

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Private equity funds remain keen to invest in medical technology companies in Yorkshire, according to research by the Investing in Health team at Grant Thornton.

The team says Yorkshire is well placed to capitalise on the continuing appetite for investment in medical technologies and there is growing interest in orthopaedics and wound care – two areas where Sheffield region manufacturers and university spinouts excel.

Lisa Ward, Sheffield-based manager of the Investing in Health programme, said: “It may be easier for companies to access and develop relationships with local investors and business angels but in these challenging times they also need to be looking further afield for investment. Encouragingly, the investors we spoke to are all looking to make two or more new investments in the next few months.

“Companies in Yorkshire need to capitalise on these opportunities, not only for their own success but to help put Yorkshire firmly on the map as a leader in healthcare technologies.”