The UK tech sector has reached a combined market valuation of $1.2 trillion, cementing its place as the number one tech ecosystem in Europe.
UK tech is growing at a CAGR of 12.5%.
UK tech is growing at a CAGR of 12.5%.
UK
Germany
France
Netherlands
Sweden
Switzerland
UK
Germany
France
Netherlands
Sweden
Switzerland
UK
Germany
France
Netherlands
Sweden
Switzerland
UK
Germany
France
Netherlands
Sweden
Switzerland
View data
View data
View data
View data
The UK has played a central role in our company’s success, and we expect that to continue in the months and years ahead.
Mati Staniszewski
ElevenLabs
The UK has proven itself as a powerhouse for startup innovation. The key is to ensure that high-potential tech companies have all the support they need to grow.
Dame Jayne-Anne Gadhia
Moneyfarm
The UK has rightly earned its reputation as Europe's startup hub. Expanding access to digital infrastructure and skills, fostering regulation that fuels innovation, and ensuring the UK remains a magnet for investment are key.
Darren Hardman
Microsoft UK
The UK tech sector faces intense competition. All companies are struggling with how to ensure their teams are upskilled and developed to meet the demands and technology capabilities of tomorrow, but doing so is critical to survival.
Euan Blair
Multiverse
At a pivotal moment in its evolution, the UK tech sector has built a thriving startup ecosystem that now faces the critical challenge of scale.
James Petter
Snowflake
The UK has played a central role in our company’s success, and we expect that to continue in the months and years ahead.
Mati Staniszewski
ElevenLabs
The UK has proven itself as a powerhouse for startup innovation. The key is to ensure that high-potential tech companies have all the support they need to grow.
Dame Jayne-Anne Gadhia
Moneyfarm
The UK has rightly earned its reputation as Europe's startup hub. Expanding access to digital infrastructure and skills, fostering regulation that fuels innovation, and ensuring the UK remains a magnet for investment are key.
Darren Hardman
Microsoft UK
The UK tech sector faces intense competition. All companies are struggling with how to ensure their teams are upskilled and developed to meet the demands and technology capabilities of tomorrow, but doing so is critical to survival.
Euan Blair
Multiverse
At a pivotal moment in its evolution, the UK tech sector has built a thriving startup ecosystem that now faces the critical challenge of scale.
James Petter
Snowflake
London's tech sector is worth $694b and is home to 119 all-time unicorn companies.
London's tech sector is growing at a CAGR of 12% and tech companies raised $10.8b in VC investment last year.
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
London's tech sector is worth $694b and is home to 119 all-time unicorn companies.
London's tech sector is growing at a CAGR of 12% and tech companies raised $10.8b in VC investment last year.
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
London's tech sector is worth $694b and is home to 119 all-time unicorn companies.
London's tech sector is growing at a CAGR of 12% and tech companies raised $10.8b in VC investment last year.
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
London's tech sector is worth $694b and is home to 119 all-time unicorn companies.
London's tech sector is growing at a CAGR of 12% and tech companies raised $10.8b in VC investment last year.
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
The UK AI sector is worth $230b and startups raised $1.03b in Q1 2025.
Sector
AI
AI
Health Tech
Fin Tech
Deep Tech
Climate Tech
Sector value
AI Value
Exits
AI Exits
Yearly
Quarterly
0
11
Q1-2024
0
6
Q2-2024
12
Q3-2024
1
1
17
Q4-2024
8
Q1-2025
Acquisitions
IPOs
Investment
UK AI
Full data
Year
Quarterly
$2b
$1.5b
$1b
$500m
0
Q1-2024
Q2-2024
Q3-2024
Q4-2024
Q1-2025
Pre-seed ($0—1.0m)
Seed ($1.0—4.0m)
Series A ($4.0—15.0m)
Series B ($15.0—40.0m)
Series (C $40.0—100m)
Late Growth ($100—250m)
Mega ($250m+)
Unicorns
Name
HQ city
Category
Year company became unicorn

Flo Health
London
Health
2024

Wayve
London
Robotics; Transportation
2024

Quantexa
London
Fintech; Enterprise Software
2023

Synthesia
London
Media
2023
Load More
AI
"AI is a powerful catalyst for productivity and inclusion in the UK economy, accelerating development cycles, reducing operational costs, and removing reliance on costly, highly technical skills."
"The UK’s AI talent pool is a hidden gem, offering world-class expertise without Silicon Valley competition and salaries."
“The UK has a unique opportunity to position itself as a global leader in AI."
"AI is a powerful catalyst for productivity and inclusion in the UK economy, accelerating development cycles, reducing operational costs, and removing reliance on costly, highly technical skills."

Hovhannes Avoyan
Picsart

Husayn Kassai
Quench.ai

Ieva Balciute
93 INC
The UK AI sector is worth $230b and startups raised $1.03b in Q1 2025.
Sector
AI
AI
Health Tech
Fin Tech
Deep Tech
Climate Tech
Sector value
AI Value
Exits
AI Exits
Yearly
Quarterly
0
11
Q1-2024
0
6
Q2-2024
12
Q3-2024
1
1
17
Q4-2024
8
Q1-2025
Acquisitions
IPOs
Investment
UK AI
Full data
Year
Quarterly
$2b
$1.5b
$1b
$500m
0
Q1-2024
Q2-2024
Q3-2024
Q4-2024
Q1-2025
Pre-seed ($0—1.0m)
Seed ($1.0—4.0m)
Series A ($4.0—15.0m)
Series B ($15.0—40.0m)
Series (C $40.0—100m)
Late Growth ($100—250m)
Mega ($250m+)
Unicorns
Name
HQ city
Category
Year company became unicorn

Flo Health
London
Health
2024

Wayve
London
Robotics; Transportation
2024

Quantexa
London
Fintech; Enterprise Software
2023

Synthesia
London
Media
2023
Load More
AI
"AI is a powerful catalyst for productivity and inclusion in the UK economy, accelerating development cycles, reducing operational costs, and removing reliance on costly, highly technical skills."
"The UK’s AI talent pool is a hidden gem, offering world-class expertise without Silicon Valley competition and salaries."
“The UK has a unique opportunity to position itself as a global leader in AI."
"AI is a powerful catalyst for productivity and inclusion in the UK economy, accelerating development cycles, reducing operational costs, and removing reliance on costly, highly technical skills."

Hovhannes Avoyan
Picsart

Husayn Kassai
Quench.ai

Ieva Balciute
93 INC
The UK AI sector is worth $230b and startups raised $1.03b in Q1 2025.
Sector
AI
AI
Health Tech
Fin Tech
Deep Tech
Climate Tech
Sector value
AI Value
Exits
AI Exits
Yearly
Quarterly
11
2020
6
28
2021
1
1
37
2022
2
2
29
2023
1
1
46
2024
Acquisitions
IPOs
Investment
UK AI
Full data
Year
Quarterly
$5b
$4b
$3b
$2b
$1b
0
2020
2021
2022
2023
2024
Pre-seed ($0—1.0m)
Seed ($1.0—4.0m)
Series A ($4.0—15.0m)
Series B ($15.0—40.0m)
Series (C $40.0—100m)
Late Growth ($100—250m)
Mega ($250m+)
Unicorns
Name
HQ city
Category
Year company became unicorn

Flo Health
London
Health
2024

Wayve
London
Robotics; Transportation
2024

Quantexa
London
Fintech; Enterprise Software
2023

Synthesia
London
Media
2023
Load More
AI
"AI is a powerful catalyst for productivity and inclusion in the UK economy, accelerating development cycles, reducing operational costs, and removing reliance on costly, highly technical skills."
"The UK’s AI talent pool is a hidden gem, offering world-class expertise without Silicon Valley competition and salaries."
“The UK has a unique opportunity to position itself as a global leader in AI."
"AI is a powerful catalyst for productivity and inclusion in the UK economy, accelerating development cycles, reducing operational costs, and removing reliance on costly, highly technical skills."

Hovhannes Avoyan
Picsart

Husayn Kassai
Quench.ai

Ieva Balciute
93 INC
The UK AI sector is worth $230b and startups raised $1.03b in Q1 2025.
Sector
AI
AI
Health Tech
Fin Tech
Deep Tech
Climate Tech
Sector value
AI Value
Exits
AI Exits
Yearly
Quarterly
0
11
Q1-2024
0
6
Q2-2024
12
Q3-2024
1
1
17
Q4-2024
8
Q1-2025
Acquisitions
IPOs
Investment
UK AI
Full data
Year
Quarterly
$2b
$1.5b
$1b
$500m
0
Q1-2024
Q2-2024
Q3-2024
Q4-2024
Q1-2025
Pre-seed ($0—1.0m)
Seed ($1.0—4.0m)
Series A ($4.0—15.0m)
Series B ($15.0—40.0m)
Series (C $40.0—100m)
Late Growth ($100—250m)
Mega ($250m+)
Unicorns
Name
HQ city
Category
Year company became unicorn

Flo Health
London
Health
2024

Wayve
London
Robotics; Transportation
2024

Quantexa
London
Fintech; Enterprise Software
2023

Synthesia
London
Media
2023
Load More
AI
"AI is a powerful catalyst for productivity and inclusion in the UK economy, accelerating development cycles, reducing operational costs, and removing reliance on costly, highly technical skills."
"The UK’s AI talent pool is a hidden gem, offering world-class expertise without Silicon Valley competition and salaries."
“The UK has a unique opportunity to position itself as a global leader in AI."
"AI is a powerful catalyst for productivity and inclusion in the UK economy, accelerating development cycles, reducing operational costs, and removing reliance on costly, highly technical skills."

Hovhannes Avoyan
Picsart

Husayn Kassai
Quench.ai

Ieva Balciute
93 INC
UK startups are raising bigger rounds at each stage than they were last year.
Overall
AI
Health Tech
Fin Tech
Deep Tech
Climate Tech
All
Early-stage
Growth-stage
Late-stage
Overall
$1.9m
$1.9m
$31.0m
$31.0m
$150.0m
$150.0m
AI
$2.4m
$2.4m
$40.0m
$40.0m
$165.0m
$165.0m
Health Tech
$1.9m
$1.9m
$33.0m
$33.0m
$123.8m
$123.8m
Fin Tech
$2.1m
$2.1m
$26.0m
$26.0m
$158.8m
$158.8m
Deep Tech
$4.2m
$4.2m
$30.2m
$30.2m
$240.0m
$240.0m
Climate Tech
$3.5m
$3.5m
$28.4m
$28.4m
$125.0m
$125.0m
0
$60M
$120M
$180M
$240M
Early-stage
Growth-stage
Late-stage
Median round sizes by industry between 2024-2025, excluding rounds less than $100k
View data
UK startups are raising bigger rounds at each stage than they were last year.
Overall
AI
Health Tech
Fin Tech
Deep Tech
Climate Tech
All
Early-stage
Growth-stage
Late-stage
Overall
$1.9m
$1.9m
$31.0m
$31.0m
$150.0m
$150.0m
AI
$2.4m
$2.4m
$40.0m
$40.0m
$165.0m
$165.0m
Health Tech
$1.9m
$1.9m
$33.0m
$33.0m
$123.8m
$123.8m
Fin Tech
$2.1m
$2.1m
$26.0m
$26.0m
$158.8m
$158.8m
Deep Tech
$4.2m
$4.2m
$30.2m
$30.2m
$240.0m
$240.0m
Climate Tech
$3.5m
$3.5m
$28.4m
$28.4m
$125.0m
$125.0m
0
$60M
$120M
$180M
$240M
Early-stage
Growth-stage
Late-stage
Median round sizes by industry between 2024-2025, excluding rounds less than $100k
View data
UK startups are raising bigger rounds at each stage than they were last year.
Overall
AI
Health Tech
Fin Tech
Deep Tech
Climate Tech
All
Early-stage
Growth-stage
Late-stage
Overall
$1.9m
$1.9m
$31.0m
$31.0m
$150.0m
$150.0m
AI
$2.4m
$2.4m
$40.0m
$40.0m
$165.0m
$165.0m
Health Tech
$1.9m
$1.9m
$33.0m
$33.0m
$123.8m
$123.8m
Fin Tech
$2.1m
$2.1m
$26.0m
$26.0m
$158.8m
$158.8m
Deep Tech
$4.2m
$4.2m
$30.2m
$30.2m
$240.0m
$240.0m
Climate Tech
$3.5m
$3.5m
$28.4m
$28.4m
$125.0m
$125.0m
0
$60M
$120M
$180M
$240M
Early-stage
Growth-stage
Late-stage
Median round sizes by industry between 2024-2025, excluding rounds less than $100k
View data
UK startups are raising bigger rounds at each stage than they were last year.
Overall
AI
Health Tech
Fin Tech
Deep Tech
Climate Tech
All
Early-stage
Growth-stage
Late-stage
Overall
$1.9m
$1.9m
$31.0m
$31.0m
$150.0m
$150.0m
AI
$2.4m
$2.4m
$40.0m
$40.0m
$165.0m
$165.0m
Health Tech
$1.9m
$1.9m
$33.0m
$33.0m
$123.8m
$123.8m
Fin Tech
$2.1m
$2.1m
$26.0m
$26.0m
$158.8m
$158.8m
Deep Tech
$4.2m
$4.2m
$30.2m
$30.2m
$240.0m
$240.0m
Climate Tech
$3.5m
$3.5m
$28.4m
$28.4m
$125.0m
$125.0m
0
$60M
$120M
$180M
$240M
Early-stage
Growth-stage
Late-stage
Median round sizes by industry between 2024-2025, excluding rounds less than $100k
View data
UK startups have raised more than $7b in VC investment so far in H1 2025, including the biggest first quarter fundraise of the past three years.
Investment
VC Investment (in millions USD)
Amount Raised
Number of Rounds
All
Early-stage
Growth-stage
$6B
$5b
$4b
$3b
$2b
$1b
0
Q1-'23
Q2-'23
Q3-'23
Q4-'23
Q1-'24
Q2-'24
Q3-'24
Q4-'24
Q1-'25
Q2-'25
$0—1.0m (pre-seed)
$1.0—4.0m (seed)
$4.0—15.0m (series A)
$15.0—40.0m (series B)
$40.0—100m (series C)
$100—250m
$250m+
Analysis only considers rounds worth more than $2m, Data recorded May 2025
UK startups have raised more than $7b in VC investment so far in H1 2025, including the biggest first quarter fundraise of the past three years.
Investment
VC Investment (in millions USD)
Amount Raised
Number of Rounds
All
Early-stage
Growth-stage
$6B
$5b
$4b
$3b
$2b
$1b
0
Q1-'23
Q2-'23
Q3-'23
Q4-'23
Q1-'24
Q2-'24
Q3-'24
Q4-'24
Q1-'25
Q2-'25
$0—1.0m (pre-seed)
$1.0—4.0m (seed)
$4.0—15.0m (series A)
$15.0—40.0m (series B)
$40.0—100m (series C)
$100—250m
$250m+
Analysis only considers rounds worth more than $2m, Data recorded May 2025
UK startups have raised more than $7b in VC investment so far in H1 2025, including the biggest first quarter fundraise of the past three years.
Investment
VC Investment (in millions USD)
Amount Raised
Number of Rounds
All
Early-stage
Growth-stage
$6B
$5b
$4b
$3b
$2b
$1b
0
Q1-'23
Q2-'23
Q3-'23
Q4-'23
Q1-'24
Q2-'24
Q3-'24
Q4-'24
Q1-'25
Q2-'25
$0—1.0m (pre-seed)
$1.0—4.0m (seed)
$4.0—15.0m (series A)
$15.0—40.0m (series B)
$40.0—100m (series C)
$100—250m
$250m+
Analysis only considers rounds worth more than $2m, Data recorded May 2025
Q2-2025
Investment
Q1 - 2023
Q2 - 2023
Q3 - 2023
Q4 - 2023
Q1 - 2024
Q2 - 2024
Q3 - 2024
Q4 - 2024
Q1 - 2025
Q2 - 2025
$250m+
$500m
$500m
$100—250m
$575m
$575m
$40.0—100m (series C)
$684m
$684m
$15.0—40.0m (series B)
$503m
$503m
$4.0—15.0m (series A)
$458m
$458m
$1.0—4.0m (seed)
$147m
$147m
$0—1.0m (pre-seed)
$26m
$26m
Total
$2.9b
$2.9b
UK startups have raised more than $7b in VC investment so far in H1 2025, including the biggest first quarter fundraise of the past three years.
Investment
VC Investment (in millions USD)
Amount Raised
Number of Rounds
All
Early-stage
Growth-stage
$6B
$5b
$4b
$3b
$2b
$1b
0
Q1-'23
Q2-'23
Q3-'23
Q4-'23
Q1-'24
Q2-'24
Q3-'24
Q4-'24
Q1-'25
Q2-'25
$0—1.0m (pre-seed)
$1.0—4.0m (seed)
$4.0—15.0m (series A)
$15.0—40.0m (series B)
$40.0—100m (series C)
$100—250m
$250m+
Analysis only considers rounds worth more than $2m, Data recorded May 2025
We asked 1,000+ UK tech leaders about the key barriers they face while scaling their businesses in the UK, and the potential policy solutions.
We asked 1,000+ UK tech leaders about the key barriers they face while scaling their businesses in the UK, and the potential policy solutions.
We asked 1,000+ UK tech leaders about the key barriers they face while scaling their businesses in the UK, and the potential policy solutions.
We asked 1,000+ UK tech leaders about the key barriers they face while scaling their businesses in the UK, and the potential policy solutions.
Founders say access to capital, the tax environment, and availability of top talent are their biggest barriers to growth.
65% of the early-stage founders we surveyed rate the UK as a good place to start a company, while 30% rate the UK as a good place to scale.
Show All
All founders
Early-stage
Growth-stage
Growth capital
73.7%
73.7%
72.7%
72.7%
56.7%
56.7%
Tax environment
43.5%
43.5%
43.1%
43.1%
43.3%
43.3%
Top talent
32.7%
32.7%
32.7%
32.7%
33.4%
33.4%
Regulatory environment
21.3%
21.3%
21.5%
21.5%
28.9%
28.9%
Public markets
16.7%
16.7%
16.6%
16.6%
31.1%
31.1%
Infrastructure
12.1%
12.1%
11.8%
11.8%
6.7%
6.7%
0
20%
40%
60%
80%
100%
All founders
Early-stage
Growth-stage
View data
Rate the UK as a place to:
All founders
Early-stage
Growth-stage
Start a company
66.3%
66.3%
22.2%
22.2%
11.5%
11.5%
Scale a company
28.6%
28.6%
39.1%
39.1%
32.4%
32.4%
Exit a company
22.0%
22.0%
31.2%
31.2%
46.9%
46.9%
0
20%
40%
60%
80%
100%
Positive (4-5)
Neutral (3)
Negative (1-2)
Barrier
Positive (4-5)
Neutral (3)
Negative (1-2)
Start a company
66.3%
66.3%
22.2%
22.2%
11.5%
11.5%
Scale a company
28.6%
28.6%
39.1%
39.1%
32.4%
32.4%
Exit a company
22.0%
22.0%
31.2%
31.2%
46.9%
46.9%
Founders say access to capital, the tax environment, and availability of top talent are their biggest barriers to growth.
65% of the early-stage founders we surveyed rate the UK as a good place to start a company, while 30% rate the UK as a good place to scale.
Show All
All founders
Early-stage
Growth-stage
Growth capital
73.7%
73.7%
72.7%
72.7%
56.7%
56.7%
Tax environment
43.5%
43.5%
43.1%
43.1%
43.3%
43.3%
Top talent
32.7%
32.7%
32.7%
32.7%
33.4%
33.4%
Regulatory environment
21.3%
21.3%
21.5%
21.5%
28.9%
28.9%
Public markets
16.7%
16.7%
16.6%
16.6%
31.1%
31.1%
Infrastructure
12.1%
12.1%
11.8%
11.8%
6.7%
6.7%
0
20%
40%
60%
80%
100%
All founders
Early-stage
Growth-stage
View data
Rate the UK as a place to:
All founders
Early-stage
Growth-stage
Start a company
66.3%
66.3%
22.2%
22.2%
11.5%
11.5%
Scale a company
28.6%
28.6%
39.1%
39.1%
32.4%
32.4%
Exit a company
22.0%
22.0%
31.2%
31.2%
46.9%
46.9%
0
20%
40%
60%
80%
100%
Positive (4-5)
Neutral (3)
Negative (1-2)
Barrier
Positive (4-5)
Neutral (3)
Negative (1-2)
Start a company
66.3%
66.3%
22.2%
22.2%
11.5%
11.5%
Scale a company
28.6%
28.6%
39.1%
39.1%
32.4%
32.4%
Exit a company
22.0%
22.0%
31.2%
31.2%
46.9%
46.9%
Founders say access to capital, the tax environment, and availability of top talent are their biggest barriers to growth.
65% of the early-stage founders we surveyed rate the UK as a good place to start a company, while 30% rate the UK as a good place to scale.
Show All
All founders
Early-stage
Growth-stage
Growth capital
73.7%
73.7%
72.7%
72.7%
56.7%
56.7%
Tax environment
43.5%
43.5%
43.1%
43.1%
43.3%
43.3%
Top talent
32.7%
32.7%
32.7%
32.7%
33.4%
33.4%
Regulatory environment
21.3%
21.3%
21.5%
21.5%
28.9%
28.9%
Public markets
16.7%
16.7%
16.6%
16.6%
31.1%
31.1%
Infrastructure
12.1%
12.1%
11.8%
11.8%
6.7%
6.7%
0
20%
40%
60%
80%
100%
All founders
Early-stage
Growth-stage
View data
Rate the UK as a place to:
All founders
Early-stage
Growth-stage
Start a company
66.3%
66.3%
22.2%
22.2%
11.5%
11.5%
Scale a company
28.6%
28.6%
39.1%
39.1%
32.4%
32.4%
Exit a company
22.0%
22.0%
31.2%
31.2%
46.9%
46.9%
0
20%
40%
60%
80%
100%
Positive (4-5)
Neutral (3)
Negative (1-2)
Barrier
Positive (4-5)
Neutral (3)
Negative (1-2)
Start a company
66.3%
66.3%
22.2%
22.2%
11.5%
11.5%
Scale a company
28.6%
28.6%
39.1%
39.1%
32.4%
32.4%
Exit a company
22.0%
22.0%
31.2%
31.2%
46.9%
46.9%
Founders say access to capital, the tax environment, and availability of top talent are their biggest barriers to growth.
65% of the early-stage founders we surveyed rate the UK as a good place to start a company, while 30% rate the UK as a good place to scale.
Show All
All founders
Early-stage
Growth-stage
Growth capital
73.7%
73.7%
72.7%
72.7%
56.7%
56.7%
Tax environment
43.5%
43.5%
43.1%
43.1%
43.3%
43.3%
Top talent
32.7%
32.7%
32.7%
32.7%
33.4%
33.4%
Regulatory environment
21.3%
21.3%
21.5%
21.5%
28.9%
28.9%
Public markets
16.7%
16.7%
16.6%
16.6%
31.1%
31.1%
Infrastructure
12.1%
12.1%
11.8%
11.8%
6.7%
6.7%
0
20%
40%
60%
80%
100%
All founders
Early-stage
Growth-stage
View data
Rate the UK as a place to:
All founders
Early-stage
Growth-stage
Start a company
66.3%
66.3%
22.2%
22.2%
11.5%
11.5%
Scale a company
28.6%
28.6%
39.1%
39.1%
32.4%
32.4%
Exit a company
22.0%
22.0%
31.2%
31.2%
46.9%
46.9%
0
20%
40%
60%
80%
100%
Positive (4-5)
Neutral (3)
Negative (1-2)
Barrier
Positive (4-5)
Neutral (3)
Negative (1-2)
Start a company
66.3%
66.3%
22.2%
22.2%
11.5%
11.5%
Scale a company
28.6%
28.6%
39.1%
39.1%
32.4%
32.4%
Exit a company
22.0%
22.0%
31.2%
31.2%
46.9%
46.9%
The single biggest hurdle that we face in the UK is the provision of risk capital.
Ilyas Khan
Quantinuum
Now is a great time to scale – there's a lot of energy behind the importance of us creating the next generation of AI-first organisations. But we need changes that enable institutions to invest more freely.
Claudine Adeyemi-Adams
Earlybird
The UK produces world-class talent and attracts serious investment. What it lacks is the infrastructure and mindset that lets companies dream at scale.
Barney Hussey Yeo
Cleo
The UK is at a pivotal moment where government policy could either create a real future for becoming a leading technology centre or tax and regulate away any incentive for scaling businesses here.
Abakar Saidov
Beamery
To scale successfully, access to growth capital is crucial, as is access to the world's biggest markets. To this end, US growth equity is a very attractive form of capital.
Shelley Copsey
FYLD
Lack of growth capital combined with a shrinking public market that doesn’t understand how to value high growth companies is a huge issue preventing growth.
Timo Boldt
Gousto
The single biggest hurdle that we face in the UK is the provision of risk capital.
Ilyas Khan
Quantinuum
Now is a great time to scale – there's a lot of energy behind the importance of us creating the next generation of AI-first organisations. But we need changes that enable institutions to invest more freely.
Claudine Adeyemi-Adams
Earlybird
The UK produces world-class talent and attracts serious investment. What it lacks is the infrastructure and mindset that lets companies dream at scale.
Barney Hussey Yeo
Cleo
The UK is at a pivotal moment where government policy could either create a real future for becoming a leading technology centre or tax and regulate away any incentive for scaling businesses here.
Abakar Saidov
Beamery
To scale successfully, access to growth capital is crucial, as is access to the world's biggest markets. To this end, US growth equity is a very attractive form of capital.
Shelley Copsey
FYLD
Lack of growth capital combined with a shrinking public market that doesn’t understand how to value high growth companies is a huge issue preventing growth.
Timo Boldt
Gousto
UK tech founders want direct government intervention in funding markets to unlock access to growth capital.
Capital
Talent & Skills
Infrastructure
Competition
All founders
Early-stage
Growth-stage
Creation of growth-focused sovereign wealth fund
54.66%
54.66%
55.03%
55.03%
52.22%
52.22%
Enhanced tax incentives for VC investments
53.06%
53.06%
53.02%
53.02%
53.33%
53.33%
Facilitation of international investment in the UK
52.33%
52.33%
55.03%
55.03%
34.44%
34.44%
Government co-investment fund for scaleups
54.66%
54.66%
57.55%
57.55%
35.56%
35.56%
Pension fund investment reform
22.45%
22.45%
20.13%
20.13%
37.78%
37.78%
Public market listing reforms/IPO support
15.89%
15.89%
13.59%
13.59%
31.11%
31.11%
0
25%
50%
75%
100%
All founders
Early-stage
Growth-stage
UK tech founders want direct government intervention in funding markets to unlock access to growth capital.
Capital
Talent & Skills
Infrastructure
Competition
All founders
Early-stage
Growth-stage
Creation of growth-focused sovereign wealth fund
54.66%
54.66%
55.03%
55.03%
52.22%
52.22%
Enhanced tax incentives for VC investments
53.06%
53.06%
53.02%
53.02%
53.33%
53.33%
Facilitation of international investment in the UK
52.33%
52.33%
55.03%
55.03%
34.44%
34.44%
Government co-investment fund for scaleups
54.66%
54.66%
57.55%
57.55%
35.56%
35.56%
Pension fund investment reform
22.45%
22.45%
20.13%
20.13%
37.78%
37.78%
Public market listing reforms/IPO support
15.89%
15.89%
13.59%
13.59%
31.11%
31.11%
0
25%
50%
75%
100%
All founders
Early-stage
Growth-stage
UK tech founders want direct government intervention in funding markets to unlock access to growth capital.
Capital
Talent & Skills
Infrastructure
Competition
All founders
Early-stage
Growth-stage
Creation of growth-focused sovereign wealth fund
54.66%
54.66%
55.03%
55.03%
52.22%
52.22%
Enhanced tax incentives for VC investments
53.06%
53.06%
53.02%
53.02%
53.33%
53.33%
Facilitation of international investment in the UK
52.33%
52.33%
55.03%
55.03%
34.44%
34.44%
Government co-investment fund for scaleups
54.66%
54.66%
57.55%
57.55%
35.56%
35.56%
Pension fund investment reform
22.45%
22.45%
20.13%
20.13%
37.78%
37.78%
Public market listing reforms/IPO support
15.89%
15.89%
13.59%
13.59%
31.11%
31.11%
0
25%
50%
75%
100%
All founders
Early-stage
Growth-stage
UK tech founders want direct government intervention in funding markets to unlock access to growth capital.
Capital
Talent & Skills
Infrastructure
Competition
All founders
Early-stage
Growth-stage
Creation of growth-focused sovereign wealth fund
54.66%
54.66%
55.03%
55.03%
52.22%
52.22%
Enhanced tax incentives for VC investments
53.06%
53.06%
53.02%
53.02%
53.33%
53.33%
Facilitation of international investment in the UK
52.33%
52.33%
55.03%
55.03%
34.44%
34.44%
Government co-investment fund for scaleups
54.66%
54.66%
57.55%
57.55%
35.56%
35.56%
Pension fund investment reform
22.45%
22.45%
20.13%
20.13%
37.78%
37.78%
Public market listing reforms/IPO support
15.89%
15.89%
13.59%
13.59%
31.11%
31.11%
0
25%
50%
75%
100%
All founders
Early-stage
Growth-stage
We need policies that incentivise investment into women-led businesses. If women were given the same opportunity to start and scale businesses as their male counterparts, we’d add an additional £250 billion to the economy!
Pip Jamieson
The Dots
By embracing startups and scaleups building for government, public services will benefit from better and more cost-effective solutions, and enable the best outcomes for everyone.
Alex Stephany
Beam
We’re on the brink of an AI revolution and R&D tax relief is one of the most important incentives for starting and growing R&D functions and scaling the startup ecosystem.
Neta Meidav
Vault Platform
In addition to supporting London and the South, the UK must double down on its regional strengths.
Iain Mackie
Malted AI
A cultural shift has to take place. One that is ignited by heartfelt recognition by the leadership of the country, which calls out the critical value of the startup sector to delivering a brighter, more prosperous future.
Richard Browning
Gravity Industries
The Government should be aligning growth-stage funding with their own agenda, investing in AI ventures addressing societal challenges like upskilling, sustainability, and inclusion.
Holly Simmons
Niya AI
We must focus on data policy and building national data resources to train AI models ethically and safely. Regardless of the policy intervention, it is critical that we build frameworks that can adapt to the rapidly evolving technical capabilities of AI and their impact on the lives of regular people.
Tom Graham
Metaphysic
We need to continue investing in tech education, particularly in coding, data science, AI, and cybersecurity.
Gauthier Van Malderen
Perlego
We need policies that incentivise investment into women-led businesses. If women were given the same opportunity to start and scale businesses as their male counterparts, we’d add an additional £250 billion to the economy!
Pip Jamieson
The Dots
By embracing startups and scaleups building for government, public services will benefit from better and more cost-effective solutions, and enable the best outcomes for everyone.
Alex Stephany
Beam
We’re on the brink of an AI revolution and R&D tax relief is one of the most important incentives for starting and growing R&D functions and scaling the startup ecosystem.
Neta Meidav
Vault Platform
In addition to supporting London and the South, the UK must double down on its regional strengths.
Iain Mackie
Malted AI
A cultural shift has to take place. One that is ignited by heartfelt recognition by the leadership of the country, which calls out the critical value of the startup sector to delivering a brighter, more prosperous future.
Richard Browning
Gravity Industries
The Government should be aligning growth-stage funding with their own agenda, investing in AI ventures addressing societal challenges like upskilling, sustainability, and inclusion.
Holly Simmons
Niya AI
We must focus on data policy and building national data resources to train AI models ethically and safely. Regardless of the policy intervention, it is critical that we build frameworks that can adapt to the rapidly evolving technical capabilities of AI and their impact on the lives of regular people.
Tom Graham
Metaphysic
How can we unlock the UK's growth potential?
The comprehensive overview of the UK tech ecosystem, startups to watch, VC investment trends, and insider insights from 50+ UK tech leaders!


