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Published:
1:20 PM May 25, 2021
PBD Biotech has netted £2.3m from investors after developing a new faster and more accurate way of testing cattle for TB
- Credit: Archant
Investment in innovative businesses based in the East of England has shot up this year as firms emerge from the pandemic, a study shows.
Venture Pulse – a quarterly report published by KPMG Private Enterprise – found more than £350m was poured into regional businesses by venture capitalists in the first three months of 2021 – a 65% rise on the same period last year.
Among the beneficiaries were PBD Biotech based at Thurston, near Bury St Edmunds – which has developed a rapid test for tuberculosis in livestock – and plant-based meat alternative food maker Jack & Bry, which is registered in Swaffham.