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Companies that have been spun out of universities and have been founded in Scotland have attracted more equity investment deals than anywhere else in the UK, according to a report.

The British Business Bank said there were 44 such transactions in 2021 involving firms started at Scottish academic institutions. That was 21 per cent of the UK total and ahead of the southeast of England, with 39 deals, the east of England, on 35 and, London, with 32.

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