The Tech Nation Report 2025

The Tech Nation Report 2025

The Tech Nation Report 2025

The Tech Nation Report 2025

Unlocking the UK's

Growth Potential

Unlocking the UK's

Growth Potential

Unlocking the UK's

Growth Potential

Unlocking the UK's

Growth Potential

The Tech Nation Report has been the state of the nation report on UK tech since 2015. In our special 10th anniversary edition, we focus on the number one challenge facing the UK tech sector: Growth.

Carolyn Dawson OBE

CEO, Founders Forum Group

Britain may be a great place to start a business but concerns about access to capital and top talent mean too many entrepreneurs still aren’t sure if it’s the right place for them to scale. I’m making it my personal mission to change their mind.

The Rt Hon Peter Kyle MP

Secretary of State for Science, Innovation and Technology, UK Government

At a pivotal moment in its evolution, the UK tech sector has built a thriving startup ecosystem. The next chapter of British innovation depends on our ability to transform promising ventures into global powerhouses.

James Petter

GVP EMEA, Snowflake

The Midlands is an industrial hub with a very high quality of life, a huge network of universities and a thriving tech scene. We have universities within 10 miles of my office which have advanced degree programmes in additive and advanced manufacturing– that's super rare.

Melissa Snover

Remedy Health

From cutting-edge AI to pioneering climate tech startups, each UK region is home to flourishing tech ecosystems with their own distinct strengths.

Carolyn Dawson OBE

CEO, Founders Forum Group

The Tech Nation Report has been the state of the nation report on UK tech since 2015. In our special 10th anniversary edition, we focus on the number one challenge facing the UK tech sector: Growth.

Carolyn Dawson OBE

CEO, Founders Forum Group

Britain may be a great place to start a business but concerns about access to capital and top talent mean too many entrepreneurs still aren’t sure if it’s the right place for them to scale. I’m making it my personal mission to change their mind.

The Rt Hon Peter Kyle MP

Secretary of State for Science, Innovation and Technology, UK Government

At a pivotal moment in its evolution, the UK tech sector has built a thriving startup ecosystem. The next chapter of British innovation depends on our ability to transform promising ventures into global powerhouses.

James Petter

GVP EMEA, Snowflake

The Midlands is an industrial hub with a very high quality of life, a huge network of universities and a thriving tech scene. We have universities within 10 miles of my office which have advanced degree programmes in additive and advanced manufacturing– that's super rare.

Melissa Snover

Remedy Health

From cutting-edge AI to pioneering climate tech startups, each UK region is home to flourishing tech ecosystems with their own distinct strengths.

Carolyn Dawson OBE

CEO, Founders Forum Group

The Tech Nation Report has been the state of the nation report on UK tech since 2015. In our special 10th anniversary edition, we focus on the number one challenge facing the UK tech sector: Growth.

Carolyn Dawson OBE

CEO, Founders Forum Group

Britain may be a great place to start a business but concerns about access to capital and top talent mean too many entrepreneurs still aren’t sure if it’s the right place for them to scale. I’m making it my personal mission to change their mind.

The Rt Hon Peter Kyle MP

Secretary of State for Science, Innovation and Technology, UK Government

At a pivotal moment in its evolution, the UK tech sector has built a thriving startup ecosystem. The next chapter of British innovation depends on our ability to transform promising ventures into global powerhouses.

James Petter

GVP EMEA, Snowflake

The Midlands is an industrial hub with a very high quality of life, a huge network of universities and a thriving tech scene. We have universities within 10 miles of my office which have advanced degree programmes in additive and advanced manufacturing– that's super rare.

Melissa Snover

Remedy Health

From cutting-edge AI to pioneering climate tech startups, each UK region is home to flourishing tech ecosystems with their own distinct strengths.

Carolyn Dawson OBE

CEO, Founders Forum Group

Key Findings

Key Findings

Key Findings

Key Findings

1. UK tech sector reaches $1.2 trillion valuation

The UK tech sector has reached a combined market valuation of $1.2 trillion in 2025, cementing its place as the number one tech ecosystem in Europe.

London accounts for 59% of the UK tech sector’s total value, but the East Midlands, Scotland, and the North East are the fastest-growing tech hubs in the UK.

London

South West

South East

East of
England

East Midlands

West Midlands

Wales

Yorkshire & the Humber

North West

Scotland

North East

Northern Ireland

Regions

Unicorns

London

Value

$694b

12%

2025

2020

$693.7b

$693.7b

$610.5b

$610.5b

0

$140B

$280B

$420B

$560B

$700B

Growth in value

12%

(2020-25), CAGR

VC Investment

$10.8b

-5.1%

2024

2020

$10.8b

$10.8b

$11.4b

$11.4b

0

$6B

$12B

Growth in VC investment

-5.1%

(2020 vs 2024)%

*Data from Dealroom, Data recorded May 2025

1. UK tech sector reaches $1.2 trillion valuation

The UK tech sector has reached a combined market valuation of $1.2 trillion in 2025, cementing its place as the number one tech ecosystem in Europe.

London accounts for 59% of the UK tech sector’s total value, but the East Midlands, Scotland, and the North East are the fastest-growing tech hubs in the UK.

London

South West

South East

East of
England

East Midlands

West Midlands

Wales

Yorkshire & the Humber

North West

Scotland

North East

Northern Ireland

Regions

Unicorns

Greater London

Value

$694b

12%

2025

2020

$693.7b

$693.7b

$610.5b

$610.5b

0

$140B

$280B

$420B

$560B

$700B

Growth in value

12%

(2020-25), CAGR

VC Investment

$10.8b

-5.1%

2024

2020

$10.8b

$10.8b

$11.4b

$11.4b

0

$6B

$12B

Growth in VC investment

-5.1%

(2020 vs 2024)%

*Data from Dealroom, Data recorded May 2025

1. UK tech sector reaches $1.2 trillion valuation

The UK tech sector has reached a combined market valuation of $1.2 trillion in 2025, cementing its place as the number one tech ecosystem in Europe.

London accounts for 59% of the UK tech sector’s total value, but the East Midlands, Scotland, and the North East are the fastest-growing tech hubs in the UK.

London

South West

South East

East of
England

East Midlands

West Midlands

Wales

Yorkshire & the Humber

North West

Scotland

North East

Northern Ireland

Regions

Unicorns

London

Value

$694b

12%

2025

2020

$693.7b

$693.7b

$610.5b

$610.5b

0

$140B

$280B

$420B

$560B

$700B

Growth in value

12%

(2020-25), CAGR

VC Investment

$10.8b

-5.1%

2024

2020

$10.8b

$10.8b

$11.4b

$11.4b

0

$6B

$12B

Growth in VC investment

-5.1%

(2020 vs 2024)%

*Data from Dealroom, Data recorded May 2025

1. UK tech sector reaches $1.2 trillion valuation

The UK tech sector has reached a combined market valuation of $1.2 trillion in 2025, cementing its place as the number one tech ecosystem in Europe.

London accounts for 59% of the UK tech sector’s total value, but the East Midlands, Scotland, and the North East are the fastest-growing tech hubs in the UK.

London

South West

South East

East of
England

East Midlands

West Midlands

Wales

Yorkshire & the Humber

North West

Scotland

North East

Northern Ireland

Regions

Unicorns

Greater London

Value

$694b

12%

2025

2020

$693.7b

$693.7b

$610.5b

$610.5b

0

$140B

$280B

$420B

$560B

$700B

Growth in value

12%

(2020-25), CAGR

VC Investment

$10.8b

-5.1%

2024

2020

$10.8b

$10.8b

$11.4b

$11.4b

0

$6B

$12B

Growth in VC investment

-5.1%

(2020 vs 2024)%

*Data from Dealroom, Data recorded May 2025

2. UK startups raise $7b+ in the first half of 2025

2. UK startups raise $7b+ in the first half of 2025

2. UK startups raise $7b+ in the first half of 2025

2. UK startups raise $7b+ in the first half of 2025

3. Access to capital is biggest growth barrier

3. Access to capital is biggest growth barrier

3. Access to capital is biggest growth barrier

3. Access to capital is biggest growth barrier

4. Founders seek government intervention for scaling support

4. Founders seek government intervention for scaling support

4. Founders seek government intervention for scaling support

4. Founders seek government intervention for scaling support

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How can we unlock the UK's growth potential?

How can we unlock the UK's growth potential?

How can we unlock the UK's growth potential?

How can we unlock the UK's growth potential?

We surveyed 1,000+ UK tech founders who identified the key barriers they face when scaling their companies in the UK and the potential solutions.

We surveyed 1,000+ UK tech founders who identified the key barriers they face when scaling their companies in the UK and the potential solutions.

We surveyed 1,000+ UK tech founders who identified the key barriers they face when scaling their companies in the UK and the potential solutions.

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© 2025, Tech Nation. All rights reserved.

© 2025, Tech Nation. All rights reserved.