Explore The Data

Explore The Data

Discover high-potential opportunities in the UK tech ecosystem

Discover high-potential opportunities in the UK tech ecosystem

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

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  • 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

    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

    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

    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

    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

    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

    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

    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

    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.

    Mati Staniszewski

    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.

    Dame Jayne-Anne Gadhia

    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.

    Darren Hardman

    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.

    Euan Blair

    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.

    Euan Blair

    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.

    Euan Blair

    Timo Boldt

    Gousto

  • The single biggest hurdle that we face in the UK is the provision of risk capital.

    Mati Staniszewski

    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.

    Dame Jayne-Anne Gadhia

    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.

    Darren Hardman

    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.

    Euan Blair

    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.

    Euan Blair

    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.

    Euan Blair

    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!

    Mati Staniszewski

    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.

    Dame Jayne-Anne Gadhia

    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.

    Darren Hardman

    Neta Meidav

    Vault Platform

  • In addition to supporting London and the South, the UK must double down on its regional strengths.

    Euan Blair

    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.

    Euan Blair

    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.

    Euan Blair

    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.

    Euan Blair

    Tom Graham

    Metaphysic

  • We need to continue investing in tech education, particularly in coding, data science, AI, and cybersecurity.

    Euan Blair

    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!

    Mati Staniszewski

    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.

    Dame Jayne-Anne Gadhia

    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.

    Darren Hardman

    Neta Meidav

    Vault Platform

  • In addition to supporting London and the South, the UK must double down on its regional strengths.

    Euan Blair

    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.

    Euan Blair

    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.

    Euan Blair

    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.

    Euan Blair

    Tom Graham

    Metaphysic

How can we unlock the UK's growth potential?

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