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UK tech could reach $4tn with right support, says final Tech Nation report

UK tech 2032
Image credit: Tech Nation

Tech Nation is calling for “tangible support” for the UK’s tech ecosystem, which the startup growth network estimates could help quadruple the industry’s value to $4tn by 2032.

The report, Tech Nation’s last before it closes this month, estimates that the UK tech sector will grow to $2.6tn by 2032 if conditions and momentum for scaling tech companies remain the same.

Last year, the UK’s tech economy became the third country to hit a valuation of $1tn, following the US and China.

The report calls for greater deployment of patient (or long-term) capital at all growth stages, which it estimates could provide a $450bn boost to the sector over the next decade. It also recommends a 15x increase in current deep tech and climate tech investment levels....