Most UK Tech Firms Are Based Outside of London
The wide majority of UK tech organisations are based outside London, shirking mainstream conclusions on the capital’s monopoly on UK tech.
The Beauhurst data, commissioned by Startup Coalition and UK Tech Week, found that around two-thirds of tech firms in the UK are based outside the nation’s capital.
Of the 83,000 active tech companies in the UK – employing about 3.7 million in the UK – 54,000 are based outside of London.
Further analysis reveals that the average number of employees per tech company in London is 57, but is 38 outside of London, indicating a rising number of startups and early-stage firms outside of the capital.
“We see incredible companies being built across the UK, with many British cities beating some of Europe’s largest tech hubs,” Dom Hallas, founder of Startup Coalition, said.
“Yet too often we hear the rhetoric that London is the only UK city where you can build a world-leading technology business. UK Tech Week proves that the sector is strong across the country, and we are delighted to be co-organising this year, and helping to spotlight success from every corner of the nation.”
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Kanishka Narayan, Minister for AI said: “The UK is home to some of the world’s most exciting tech talent and trailblazing businesses – innovators who are creating new technologies, new opportunities, and new jobs in our communities every single day.
“Our regional tech ecosystems are crucial to powering this success. That’s why events like UK Tech Week, and programmes like Government’s Regional Tech Booster scheme matter – they are about bringing tech ecosystems together, backing brilliant local talent and helping our regional firms scale, compete and thrive on the national and global stage.”
