UK - BVCA publishes economic impact study

The BVCA this morning released its annual economic impact report which confirmed private equity as a significant driver of the UK economy. The report, research for which was undertaken by IE Consulting, revealed that private equity-backed firms generated total sales of ТЃ310bn for the financial year 2006-07 and from this contributed almost ТЃ35bn in taxes. The report also estimated that private equity-backed companies employ 8% of UK private sector employees and this figure grows to 21% when historic investments are taken into account.