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The Economic Impact of Private Equity in the UK05/03/2008. Source: The BVCA – The British Private Equity and Venture Capital Association, IE Consulting.
 Private equity-backed companies continue to be a significant driver of the UK economy and its global competitiveness. This is the key finding of this ninth report in the series, conducted by IE Consulting, supporting the previous surveys commissioned by the BVCA.
Private equity-backed companies create jobs at a considerably faster rate than other private sector companies. Over the five years to 2006/7, the number of people employed worldwide by UK private equity-backed companies increased by an average of 8% p.a. This compares dramatically with FTSE 100 and FTSE Mid-250 companies, at 0.4% p.a. and 3% p.a. respectively. Furthermore, 84% of responding companies said their growth was organic, rather than by acquisition, since they had private equity backing.
It is estimated that companies that have received private equity funding account for the employment of around 3 million people in the UK, equivalent to 21% of UK private sector employees.
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The BVCA – The British Private Equity and Venture Capital Association – is the industry body for the UK private equity and venture capital industry. Our membership of well over 400 members represents the overwhelming number of UK-based private equity and venture capital providers and their advisers. The BVCA has 25 years of experience representing the industry, which currently accounts for 57% of the whole of the European market, to government, the European Commission and Parliament, the media, regulatory and other statutory bodies at home, across Europe and around the world. We promote the industry to entrepreneurs and investors, as well as providing services and best practice standards to our members. For more details, visit www.bvca.co.uk
IE Consulting is a global private equity consultancy specialising in research solutions and advisory services, with offices in
London, Hong Kong and New York. The team has considerable experience in conducting primary research with private equity
houses, institutional investors, investee company managers and
intermediaries. Their work is widely used to aid strategic decisionmaking
and performance assessments, to develop fundraising initiatives and streamline investor relations’ processes. IE Consulting was founded as an affiliate of Initiative Europe, which has been researching Europe’s private equity industry since 1988 and, along with the AVCJ in Hong Kong, is part of the Alternative Assets Division of Incisive Media. For more details, visit www.engage-iec.com
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