Mid-sized firms raise £5.2bn on Aim to boost investment plans
Growing businesses raised £5.2bn in cash calls on the Alternative Investment Market (Aim) last year, the highest level since 2010, according to figures out today from Capita Asset Services.
The rise in fundraisings is continuing into 2015 – in February alone, there were 42 cash calls, a rise of 24 per cent on the year.
And, by value, the firms raised £315m, up 43 per cent on the year.
Capita’s David Kilmartin said this is evidence that the economy is doing well, as firms are raising funds to invest and grow.
“In times of financial turbulence, the initial public offerings [IPO] market stalls, while cash calls increase as companies look to shore up their balance sheets,” Kilmartin said.
“In times of growth, companies look to capitalise on strong markets to float, or tap investors, for additional cash to invest. This is what we are currently seeing.”