Demand for regions delivers record increase for Bidwells

Cambridge-based Bidwells saw profits jump by 46% to £8.2m in its most recent accounts.

The LLP said it had generated £48m of fee income in 2017 and the biggest year-on-year increase in profits it had ever reported.

Bidwells said the profit hike reflected investors’ increasing willingness to divert funds from London to regions seeing expansion of high-growth businesses, such as Oxford, Cambridge and Milton Keynes.

Cambridge had the fastest-growing city economy in the UK across the third quarter of 2017 (year-on-year growth of 2.2%), according to the latest UK Powerhouse study produced by the Centre for