LDC to invest £225m in Yorkshire’s mid-market firms

The pledge is part of a £1.2bn commitment made by LDC nationally to support growth among the UK’s small and mid-sized companies over the next three years.

LDC said the funding will help more management teams across Yorkshire and the North East access capital, strategic guidance and operational support needed to achieve scale both domestically and internationally.

The announcement comes as LDC strengthens its team with the appointment of director Rob Powell and Zara Lane.

Mr Powell said: “Mid-sized businesses are the foundation of Yorkshire’s economy with many outstanding companies across both traditional and developing sectors.

“LDC has a formidable track record for supporting the growth of these businesses and I am delighted to join LDC to work with its portfolio companies and outstanding management teams.

“This is a powerful commitment and will further cement its position as a leader in private equity investment in Yorkshire.”

In the year to date, LDC has already invested £200m in seven businesses, including the NEC, SSP, Synexus, PDG helicopters, Aspin, Away resorts and Iglu.