b'The regional investorRight capital, right company, right placeAs a proactive specialist asset manager investing in the regions,we have created an investment model to specifically support the needs of exciting, well-led SMEs in their rapid growth and deliver shareholder and fund investor value.We pride ourselves on the positive impact we have made in the regions.Our critical success factors remain: the ability to invest through economic and business cycles, pick well,buy well and exit well tocreate substantial value.Dr Mark PaytonChief Executive Officer06 Mercia Asset Management PLCAnnual Report and Accounts 2020'