The Number of New Tech Startups in the UK Grew 14 per cent Last Year
- On February 26, 2019
- By GrowthInvest Admin
Data from Companies House shows there were 11,864 software development and programming businesses incorporated in 2018, up from 10,394 companies the year before.
London had the highest number of tech startups with 4,752, a 14 per cent increase.
This was followed by the south east with 1,398, a two per cent rise, while the north west recorded 1,079 new tech firms, a 48 per cent rise.
The number of tech firms grew across every UK region except Scotland where numbers fell four per cent to 444 and the north east where numbers remained flat at 175.
David Blacher, of accountancy firm RSM which compiled the figures, said: “Given the current economic uncertainty, it’s fantastic to see that tech start-ups have continued their upward trajectory. While the rate of increase didn’t match 2017 when we saw a 60 per cent jump, the numbers show that entrepreneurs are continuing to innovate and venture capital, private equity and traditional funders are still lining up to commit funds to the right projects.
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