London is a world-leading destination for tech startups and scaleups.

Powered by the ingredients a tech company needs to succeed, it offers access to investment, talent, a tech-savvy consumer base and a thriving business ecosystem.

Top 10 reasons to set up, grow or scale in London

1. Ecosystem

Megarounds of £100m+ account for 60% of funding. There are 180+ accelerators and incubators.

2. Connected

Six international airports connect to 410 cities and high-speed trains to Europe.

3. Talent

London is Europe's leading tech hub, with more than 589,000 employed in the capital's tech sector.

4. Customers

Third highest ecommerce spend per capita in Europe. Eight out of 10 UK adults use a fintech product.

5. Research and development

Tax incentives for innovations. SMEs get enhanced deduction of 230% of qualifying R&D expenditure..

6. Launch pad

London is the launch pad for the next generation of tech, from green finance to impact technology.

7. AI

As of 2022, London is home to 1,300 AI companies. The sector has grown on average 48% year-on-year since 2016.

8. Investment

London leads foreign finance investment. London tech firms raised $25.5bn in 2021 and 20 unicorns were created.

9. Growth

Key sectors have shown resilience and have large growth potential, including cybersecurity, software as a service and healthtech.

10. Quality of life

London has 3,500+ pubs, 857 art galleries, 215 museums, eight Royal Parks, and four UNESCO World Heritage Sites.

Investment into London tech 

2021 marked the year London tech came of age, with a surge in megarounds ($100m+ rounds) accounting for more than 60% of all funding and demonstrating real signs of maturity for the UK capital’s tech sector.

London tech firms raised $25.5bn in 2021, more than double investment levels of 2020.

The capital is producing some of the fastest growing tech companies in the world, adding 20 new unicorns to its ranks in 2021.

Blackfriars Bridge and the Illuminated River at night time.

World leading tech hubs: London and Bay Area

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