b'Mercia asset Management PLc05Annual Report and Accounts 2021Bullring & grand central, Birmingham Investing exclusively inthe UKs thriving regions, adding value through our talent and expertise and our proven hybrid investment strategy, have delivered10 exits from ourregional investments. Strategic reportGovernance Financial statementsMomentum in regional growth in alignment with Environmental, Social and Governance (ESG) issues.p 12Our strategyComplete Connected Capital; value creation through the proactive delivery of the right capital, to the right businesses, at the right time.79.0minvested in regional businesses during 2021'