The UK tech sector achieved its best year ever in 2021, with more investments, more unicorns and more jobs than ever. In fact, the UK’s tech ecosystem is now valued at $1 trillion, a milestone only achieved by China and the USA to date. Jon Horden, CEO of iKVA, explains why.

United Kingdom

The UK is particularly good at nurturing start-ups and scale-ups into successful global companies; it was ranked the second best European country for start-ups in 2019 out of 50 European countries, with notable performances in the Cost of Doing Business and Business Climate categories. Low corporate tax rates, generous tax benefits, such as the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS), and a wide range of start-up support all combine to make the UK an attractive option for entrepreneurs. Thanks to these favourable conditions, the UK accounted for more than 39% of all unicorns in Europe – from Cambridge’s very own ARM, to Revolut, to Deliveroo. Cambridge-based companies received $5.3 billion worth of investment in 2020, second only to London for UK investment.

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