Total private equity investment in Yorkshire and the Humber increased in 2024, according to the latest UK Private Equity Review from KPMG UK.
The comprehensive annual study into private equity deal activity found that investment in the region grew by 4.1% in 2024, totalling £8.6 billion, amid a more stable economic climate, with interest rates and inflation falling; greater political certainty following elections; and a surge in transactions ahead of anticipated changes to Capital Gains Tax.
The volume of deals in the region increased from 120 to 122 year-on-year but volumes remained lower than 2022’s 145.
Investment in Yorkshire accounted for 5.4% of total new PE backing in the UK. London continued to deliver the greatest interest from PE funds, attracting £78.1 billion of investment, ahead of the North West (£20.0 billion) and the South East (£15.8 billion).
Giles Taylor, Head of Corporate Finance in Yorkshire at KPMG UK, said: “Private equity interest in the region remained robust in 2024, with deal volumes and values holding firm.
“With a more stable economic and political environment, it’s right to be cautiously optimistic about what 2025 holds. Investors are sitting on large amounts of dry powder, and Yorkshire boasts a burgeoning business community that will no doubt attract the attention of private equity firms looking to invest in the region.”
