In 2024, the South East exhibited notable resilience, growth and adaptability, establishing itself as a prominent region for M&A activity in the UK. Cripps completed over 22 deals in October ahead of the Autumn budget 2024 which buoyed the market by those seeking to beat the anticipated changes. The budget actually introduced modest increases in Capital Gains Tax (CGT) and, whilst amendment to Business Property Relief (BPR) rates within the Inheritance Tax regime may change the investment decisions of some; there are businesses excluded from BPR, so not all will be affected.

Looking forward, the South East is well-positioned to maintain its growth trajectory in 2025. Whilst it is unclear how far the new US administration’s protectionist policies will extend or indeed its impact on wider geopolitical issues and therefore the UK market, a strong US economy combined with stabilised political conditions in the US and UK indicate a sustained period of successful deals in the region for 2025. In addition, the tech sector is expected to continue to grow with the UK government predicted to encourage innovation through incentives. With a high level of engagement from trade buyers and private equity investors focused on returns deal volumes are expected to increase in 2025.