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 News Employer Pension Pledge Jul 2025 - The Employer Pension Pledge aims to enhance the value of pensions by promoting a focus on value for money rather than just cost when selecting pension providers Employer Pension Pledge Research Report The future of financial and professional services investment in the UK Jul 2025 - A proposition for the creation of a financial services Investment Hub, a single national platform to streamline investor engagement and unlock billions in capital for growth. The future of financial and professional services investment in the UK Research Report Regulating for growth: A cultural shift for a competitive UK Jul 2025 - 10 practical recommendations to embed a pro-growth mindset: from smarter supervision and faster approvals to proportionate consumer protections and modernised frameworks. Regulating for growth: A cultural shift for a competitive UK Research Report Unlocking AI skills in financial and professional services Jun 2025 - A bold, practical proposal to address the UK’s AI skills gap in financial services. Unlocking AI skills in financial and professional services