Posted: 21 Oct 2021 Resource Type: Research Report Download Back The UK’s tech ecosystem is one of the most competitive in the world. Its growing presence is a signal of the strength of research and development in the UK, as well as the depth of investment and collaboration frameworks present. The Square Mile and the City cluster of businesses is home to much of this, creating a supportive atmosphere for tech companies to grow, with unrivalled access to the market for mentorship, investment, and business development. ‘One of the things that makes London so attractive to tech firms is its advanced and interconnected business ecosystem. The clusters of expertise in fields such as banking, consultancy, law, insurance and accounting mean that all the services a new business needs are right here on the doorstep, along with a talented workforce drawn from across the globe.’ ‘The growth of tech in the City has enhanced and strengthened the other businesses here – who benefit from both the technological innovation and the influx of innovative thinking.’ Alderman William Russell Rt Hon Lord Mayor of the City of London Catherine McGuinness Policy Chair of the City of London Corporation $585bn Value of UK tech start-up and scale-up ecosystem 350 More than 350 start-up incubators and accelerators across the country 6,600 Tech companies in the Square Mile Share: Share to LinkedIn LinkedIn Share to X Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Thought Piece What are the practical steps I need to consider to set up a UK business? May 2025 - This article details 8 practical steps to consider when setting up a UK business. What are the practical steps I need to consider to set up a UK business? Thought Piece How long will the authorisation process in the UK take? Apr 2025 - This articles provides an example of an application to the FCA for authorisation. How long will the authorisation process in the UK take? Thought Piece How to obtain authorisation in the UK? Apr 2025 - This article provides an overview of which regulator you need to apply to and how you can obtain authorisation from the Financial Conduct Authority or Prudential Regulation Authority, if you need to. How to obtain authorisation in the UK? Thought Piece Positioning the UK as a Global Leader in RegTech:Launch of the RegTech Strategy Group Apr 2025 - Janine Hirt and Chris Hayward on why now is the right moment to boost the UK’s regulatory technology (RegTech) credentials and support this fast growing sector. Positioning the UK as a Global Leader in RegTech:Launch of the RegTech Strategy Group