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 Twitter Twitter Share to Facebook Facebook Share to WeChat WeChat Share to WhatsApp WhatsApp Share to Email Email Download Related content Case Study Future Food Solutions | helping farmers and food companies reduce their carbon footprint Mar 2023 - We spoke to Paul Rhodes, director at Future Food Solutions, about how being based in the UK has helped introduce services to major multinational food companies. Future Food Solutions | helping farmers and food companies reduce their carbon footprint Multimedia Investing in future Wales Mar 2023 - The 2nd annual Investing in Future Wales business showcase, hosted by City of London, British Business Bank, the Department for Business & Trade and the Welsh Government Investing in future Wales Case Study Penny | using technology to plan a better retirement Mar 2023 - Penny is an app based company that enables people to track down their lost pension savings and help plan for their retirement. We spoke to them about the company’s growth plans and how changing working patterns are causing more people to lose track of their retirement savings. Penny | using technology to plan a better retirement Case Study Lloyds Banking Group | using CVC to invest for meaningful growth Feb 2023 - We spoke to Kirsty Rutter, Fintech Investment Director at Lloyds Banking Group, about their experience of corporate venture capital in the UK. Lloyds Banking Group | using CVC to invest for meaningful growth