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Furthermore, both the US and China are investing more in UK tech companies than ever before. This positions Britain third in the world behind the US and China - and this year the gap between the UK and those two global powers is closing compared to previous years. Among the many highlights in the report, three shine especially brightly.įirst, in 2020, amid a global pandemic, tech venture capital investment in the UK hit a record high of $15 billion. The Tech Nation Report 2021 sets out the huge progress taking place in the UK tech sector at this crucial time in our history. And in the drive to Net Zero, businesses like Connected Kerb, Bulb and Tepeo are helping our vehicles go green and making our energy clean. In edtech, a generation of UK tech companies like Developing Experts and Firefly Learning has helped a generation of students learn from home. In healthtech, Oxford Nanopore Technologies is part of the global battle against COVID-19. In the UK today, COVID is proving to be an instigator for a new wave of innovation. History has many examples of periods of enormous challenge being followed by a surge of creativity. And, while the history of innovation is littered with tales of those who tumbled from the pantheon after becoming too complacent, I hope that the winning combination of UK tech and this government will lead us to yet another record-breaking year in 2021. We’re continuing to invest in your success. While the real credit lies, as ever, with the engineers and designers toiling away at laptops across the country, I’m immensely proud to lead a government that is so comprehensively committed to supporting the sector.
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In North West England we saw an increase in health tech investment of over 200 per cent, while across the UK our digital sector continues to make an enormous contribution to fighting the pandemic: from connecting locked-down patients with their GPs to offering NHS staff free access to workplace mental health platforms.Īnd with COP26 on the horizon, I was particularly pleased to see another record year for British clean tech – helping us all take the steps we will need to deliver a net zero world by 2050. As the sector grows and grows it contributes more and more to our economy, a silicon supercharge that benefits us all.Īnd that’s before we even get to the tech itself, the sparks of ideas that, properly funded and fanned, can change the way we live, work, play and even think about life.Ģ020 was, after all, the year in which millions of children were forced to leave their classrooms and start learning online – and UK edtech was there to support them. This isn’t just great news for the entrepreneurs and thinkers and do-ers who make the British tech industry what it is. Unicorns now roam the streets of cities across England, Scotland and Wales. London alone benefited from more investment than the next three leading cities put together. So it is perhaps not surprising that in spite of Covid – or even because of Covid – the UK is maintaining its lead as one of the world’s premier centres for tech of all kinds.Ģ020 saw UK companies attract more than twice as much VC funding as our nearest European competitor. It has been a year in which the brutal necessity of restricting human contact has escalated the importance of tech of all kinds, from the NHS app to Zoom calls. They say necessity is the mother of invention. It features the key statistics, charts and commentary in presentation form.
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Access an extra slide deck by clicking Download in the sidebar. We’d love you to use these insights in your own presentations for background on the UK tech sector or for briefings and debriefings to process the last year. To save the entire report for future reference (or to use as wallpaper), there’s a download link in the navigation sidebar. Shareable charts are downloadable via the same sharing bar so you can save the images and do whatever you like with them: upload to your website, print and stick on your wall – we won’t judge. We’ve even written the messages for you – but we won’t be offended if you edit our words. Share on socialĪ selection of charts can be shared directly on Twitter, LinkedIn, Facebook, or by email using the share icons below the chart.
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To view the charts in full glorious detail, click the magnifying glass in the left corner for an interactive pop-up – you can still hover and click for extra detail.
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You’ll find case studies on particular themes at appropriate places throughout the report use the arrows to scroll through different voices on the same topic, and the ‘read more’ button to get the full story. Tech leaders across the UK have shared their experiences and reflections to bring the data to life.