Latest News | 18 January 2021
LDC makes 2021 investment pledge
Investment firm LDC has said it will be looking to increase its financial backing for Midlands SMEs this year to help them realise their growth ambitions.
The firm, which is part of Lloyds Banking Group, invested more than £240 million in 14 new investments last year, despite a market-wide slow-down in UK private equity investment due to the coronavirus pandemic and resulting economic uncertainty.
Richard Whitwell, head of LDC in the Midlands, said: “While 2020 was a challenging year for many businesses, the resilience shown by so many management teams has been impressive.
“They have adapted their operations and repositioned their strategies with speed and agility, proving the strength of the leadership we have here in the Midlands.
“Despite uncertainty continuing into 2021, we expect to see more opportunities for businesses to pursue acquisitions, diversify their products and services and grow market share over the next 12 months.
“And, as part of our commitment to invest £1.2 billion nationally over the next three years, we will continue to provide the capital and expertise to help the region’s management teams build market-leading businesses.”
