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Belfast, Glasgow and Birmingham lead VC investment growth

VC investment UK
Image credit: James Kennedy NI / Shutterstock

Belfast, Glasgow and Birmingham are the fastest-growing UK startup ecosystems for venture capital investment, according to new data.

VC investment into Belfast has grown by 221% since 2019, reaching $80m (£65.3m), making it the fastest-growing city in the UK for startup investment, according to data from HSBC Innovation Banking and Dealroom.

Over the same time period, Glasgow grew its VC investment by 211% to $109m and Birmingham has grown its investments received by 195% to $94m in 2023.

London, which received the highest amount of VC investment in 2023 at $6bn, has fallen 48% from 2019.

Other standout performers in the report include Sheffield, which boosted the amount of VC investment it received by 145% to $88m and Oxford, which grew by 103% to $599m....