The UK has long been aware of its problems with scaleups, put simply, there has been a consistent issue that promising early-stage tech companies either move away or fold before advancing to the scaleup stage.
For the companies that get to the scaleup stage, the issue is often that there is less funding available in the UK compared with early-stage capital.
New data, however, has reignited these concerns, with the reveal that despite major efforts being made to close the scaleup gap, the number of UK scaleups has once again declined year-on-year.
Research from Vestd based on data from the Office for National Statistics, had found that the number of scaleups in the UK has been declining consistently since a peak in 2023....
