London became the home of more than 18,000 new tech startups in 2021, a 94% increase from 2020 that puts the UK capital at the top of European cities for new tech incorporations.
The figures come from tax and consulting firm RSM UK, which analysed the UK government registrar to find an increase from 9,572 tech companies founded in 2020 to 18,549 in 2021.
“This shows an unprecedented level of tech incorporations,” said David Blacher, partner and head of media and technology at RSM UK.
“London saw the biggest take-up, but to be seeing incorporations increasing by between 40% – 60% in regions throughout the UK is very encouraging.”
Blacher added: “Covid-19 has encouraged more businesses to embrace technology, both to operate successfully during periods of disruption and to adapt to shifting consumer demands....