As a vital part of the UK’s economy, the travel and transport sector helps connect regions and boost growth. In 2023, Yorkshire and The Humber saw several companies securing significant investment to drive innovation and development in this space. This article highlights the top 10 travel and transport companies in Yorkshire and The Humber based on the highest amount of fundraising and evaluates how the region compares to others in the UK, using key fundraising benchmarks.
Top Travel and Transport Companies in Yorkshire and The Humber
This data reflects fundraising raised in 2023 by UK companies officially registered and active on Companies House within the travel and transport industry.
- eFaraday
Total amount raised: £125k
Location: Yorkshire and The Humber
eFaraday specialises in electric vehicle charging infrastructure. With rising demand for sustainable transport, the company focuses on expanding its network of EV charging points. - utc.travel
Total amount raised: £144k
Location: Yorkshire and The Humber
utc.travel provides an online platform for booking luxury travel experiences. The company raised significant funds to expand its offerings and enhance customer experience. - Magnomatics
Total amount raised: £150k
Location: Yorkshire and The Humber
Magnomatics is an engineering company focused on magnetic power systems for transport and renewable energy. They are developing advanced drive systems for use in hybrid and electric vehicles. - Globe Holidays
Total amount raised: £180k
Location: Yorkshire and The Humber
Globe Holidays offers coach tours across the UK and Europe, providing affordable travel options for a range of customers. Their 2023 funding supports business growth and service expansion. - TUBR
Total amount raised: £220k
Location: Yorkshire and The Humber
TUBR provides AI-powered predictive software that optimises transport systems. Its solutions help businesses forecast demand and improve the efficiency of their networks. - Varamis Rail
Total amount raised: £265k
Location: Yorkshire and The Humber
Varamis Rail operates in the logistics and freight space, specialising in zero-emission rail transport solutions. Their 2023 fundraising helps expand their operations and supports sustainability initiatives. - Billian
Total amount raised: £323k
Location: Yorkshire and The Humber
Billian develops travel management software for businesses, helping them streamline booking and reservation processes. The company continues to innovate its offerings with its recent funding. - Paria
Total amount raised: £341k
Location: Yorkshire and The Humber
Paria specialises in cycling apparel, offering high-performance gear for cycling enthusiasts. The company’s 2023 fundraising will help them grow their product range and market reach. - Runflat CBR
Total amount raised: £591k
Location: Yorkshire and The Humber
Runflat CBR provides critical safety solutions for military and commercial vehicles. Their 2023 fundraising will be used to develop new technologies and expand their presence in the UK and international markets. - NuBreed Hotels
Total amount raised: £2.14m
Location: Yorkshire and The Humber
NuBreed Hotels operates a network of luxury hotels, providing premium accommodation for travellers. With over £2m raised in 2023, the company plans to expand its portfolio, focusing on high-end travel experiences.
How is Yorkshire and The Humber Performing?
Using regional fundraising benchmarks from 2023, we can critically evaluate how well Yorkshire and The Humber is performing in the travel and transport sector compared to other regions in the UK.
Total Fundraising Amount
In 2023, Yorkshire and The Humber raised £3.7 million across ten companies. This is modest when compared to regions like the East Midlands, which secured £35.4 million, or London, which dominated the sector with £1.07 billion. Yorkshire and The Humber lags behind other regions in attracting large-scale investments but shows potential in niche areas like hospitality and predictive transport technology.
Average Fundraising per Company
Yorkshire and The Humber’s average fundraising per company is £374,000, significantly lower than the East Midlands’ average of £3.9 million. This highlights a need for greater investment in the region, as companies here are raising smaller amounts compared to their counterparts in other parts of the UK.
Top Fundraising Company
The top fundraising company in Yorkshire and The Humber, NuBreed Hotels, raised £2.14 million in 2023. While impressive, this is still a fraction of the amount raised by the leading company in the East Midlands, HVS, which secured £30 million. This suggests that while there is growth potential, Yorkshire and The Humber may need to attract larger-scale investments to keep up with other regions.
How does Yorkshire and The Humber compare to other regions in the UK?
Compared to larger regions like London and the East Midlands, Yorkshire and The Humber’s total fundraising is modest. The region focuses heavily on specialised sectors such as hospitality and transport technologies but lacks the large-scale investment seen elsewhere. The region’s lower fundraising figures suggest that while there are opportunities for growth, especially in niche markets, it remains a smaller player in the broader UK transport landscape.
The Future of Travel and Transport Companies in the UK
Yorkshire and The Humber is positioned for steady growth in the travel and transport sector, particularly in niche areas like luxury accommodation, transport software, and cycling apparel. However, the region faces challenges in attracting larger investments. To compete with bigger regions, companies here will need to continue innovating and expanding their reach. As investor interest in sustainable and technology-driven solutions grows, Yorkshire and The Humber has the potential to make a more significant impact on the UK’s transport industry.