London Stock Exchange Group (LSEG) today announced that its international business support and capital raising ecosystem, ELITE, is welcoming a further 17 UK companies, bringing the total number of UK businesses in the ELITE community to over 100.
Umerah Akram, Head of ELITE UK, welcomed the new ELITE CEOs to open trading on London’s markets this morning alongside Iain Wright MP, Chair of the Business, Energy and Industrial Strategy Committee.
The 17 new companies come from across the UK, from Edinburgh to Cardiff and represent a diverse range of sectors. Household names include the UK’s largest network for parents, Mumsnet, online investment management service provider, Nutmeg and British manufacturer of hybrid airships, Hybrid Air Vehicles.
Today’s new group brings the total number of businesses in the community to over 520, from across 26 countries and 36 sectors, generating over £35 billion in combined revenues and accounting for over 180,000 jobs across Europe and beyond.
Umerah Akram, Head of ELITE UK, said:
I’m excited to present the latest group of UK companies to join ELITE, a clear demonstration of the country’s ability to grow great businesses. These companies drive innovation, employment and create opportunities for us all.
ELITE is committed to giving the British business stars of the future the very best chance to succeed, providing them with access to appropriate expertise and capital. It is a unique, strong community of the best and most dynamic entrepreneurs, advisers, investors and business school academics from the UK, Europe and around the world.
Iain Wright MP, Chair, Business, Energy and Industrial Strategy Committee, commented:
I would like to congratulate all the companies from up and down the UK joining London Stock Exchange Group’s ELITE programme today. These scale-up companies are absolutely crucial for the future prosperity of the UK economy, innovating and creating well-paid, high quality jobs in all parts of the country. Helping companies scale up for growth has to be an essential part of any business policy for the next government, ensuring that companies can grow to last for the long-term. LSEG’s ELITE programme is helping companies do just that.