Luca Peyrano

  • “ELITE gives company leaders access to a community of like-minded entrepreneurs, advisers and investors”

Expert commentary by Luca Peyrano, CEO, ELITE

Europe’s innovative, diverse and ambitious businesses are driving growth and potential opportunities for us all. It is these companies that are scaling-up and making a significant contribution to economic development across the countries in which they operate. But access to appropriate funding is critical to their success.

London Stock Exchange Group and Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, share a common purpose: a commitment to mobilising capital across Europe to allow more than 23 million SMEs to connect with growth funding.

The 1000 Companies to Inspire Europe report sits alongside our unique growth markets in the UK and Italy, AIM and AIM Italia, and our pioneering international business support and capital-raising programme, ELITE.

ELITE helps ambitious, high-quality private companies prepare and structure for the next stage of growth. It introduces company leaders to business school resources and gives them access to a community of like-minded entrepreneurs, advisers and investors.

In 2018 alone, 224 companies from 18 different countries have joined ELITE and we are constantly seeking to enhance our services, with a strong focus on innovation. ELITE has collaborated with the European Space Agency and in the UK, we have joined forces with Sage, the market leader in cloud business management solutions. ELITE has launched in Saudi Arabia and West Africa, and we have welcomed the first Brazilian and Kenyan companies.

Today over 900 companies from across 33 countries and 34 sectors make up the growing international ELITE community. Together they are generating €67bn in combined revenues and employ over 400,000 people. Companies that joined the ELITE programme on average have grown their revenues by 25%, increased their employment rates by 24% and have seen margin growth rates of 23%.

Through ELITE, businesses receive practical knowledge on different sources of financing, be that venture capital, private or public equity, to help them scaleup. But importantly ELITE is funding agnostic, encouraging companies to access the most appropriate financing for their needs.

ELITE’s private placement platform helps to bridge a funding gap and further streamline the capital raising process for ELITE companies, through both debt and equity. It is an integral part of the funding ladder for SMEs, allowing companies to access capital at every stage of their growth lifecycles.

Together, the 1000 Companies to Inspire Europe report and ELITE showcase the EU’s entrepreneurial spirit. They have an integral role to play in championing the best of Europe’s businesses and directing growth capital to the innovators, job creators and unicorns of tomorrow.

Europe’s inspiring companies should look towards the ELITE global network, to help in the next stage of their journey.