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UK tech in 2022: The highs, lows, and what’s next

uk tech 2022

Three prime ministers. Two ministers for digital and culture. One lengthy economic downturn. Last year was certainly not short of action or talking points for the UK tech industry.

Despite the challenges, businesses are set to continue to invest heavily in tech in 2023. Even with tightening budgets, technology remains essential for stimulating productivity and growth, and the UK tech companies that survived the disruption of 2022 will be well placed to capitalise on what will hopefully be a slightly clearer economic picture this year.

With that in mind, it’s worth pausing to reflect on what went well for UK tech in 2022 – and on the areas where there is still room for improvement.

UK tech highs of 2022

Britain remains one of the world’s most attractive destinations for listings and IPOs, particularly so in London. In 2022, the capital was ranked the second-best startup hub in the world with a value of $314bn, second only to Silicon Valley....