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UK tech firm numbers double in two years

UK tech firm numbers double in two years

Companies House data show the number of newly-created UK tech firms is up by a fifth. Some 46,474 new tech companies were created in Britain in 2022, up from 38,240 in 2021. The east midlands saw the strongest growth with a 38% increase on last year, followed by the east of England, which was up a quarter. London had a 21% increase, 1% down on the national average. The north and south west saw a 29% and 28% increase, respectively, while Yorkshire was up 30%. Ben Bilsland, a partner and analyst at audit, tax and consulting firm RSM UK, said: “This crop of early-stage businesses will need support to scale. Access to funding will be crucial and the UK government will need to ensure that UK tech is an attractive place for both domestic and overseas investment.”

Read more: City AM

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