The Tech Nation Report 2021 has arrived. Looking at the future UK. tech built, the report details how UK tech pioneers are shaping our coronavirus recovery – and the proof is in the data.
The report opens with the key statistic that UK tech VC investment is third in the world, hitting a record high of $ 15bn in 2020 in the face of challenging conditions. And where Bristol and Bath is concerned, we have ranked third in the UK for tech investment, after London and Oxford, with businesses cumulatively raising $ 414m.
Tech Nation says investment in UK nations and regions has remained strong through the pandemic with the South West posting a record year, alongside the South East and West Midlands. Bristol & Bath is also ranked 12th across Europe for investment in tech, ahead of places such as Barcelona, Cambridge & Madrid.
The South West now has almost 17,500 firms in the tech sector, employing 68,000 people and turning over £ 9bn.