Research Report

Collaboration & co-creating: the changing tech landscape in the Square Mile

Posted: 21 Oct 2021

Resource Type: Research Report


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.85%25 homeworking adults in the UK who want a hybrid approach in the future

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.

145m daily Microsoft Teams users as of 2021 (up from 13 million in 2019)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


Value of UK tech start-up and scale-up ecosystem


More than 350 start-up incubators and accelerators across the country


Tech companies in the Square Mile

Related content