Britain has a rich innovation eco-system, connecting entrepreneurs and investors along a chain that is supported by world-renowned scientific and academic institutions and a deep support infrastructure. Its legal, regulatory and tax environment are amongst the most competitive in the world and it benefits from an historically open approach to business.
4/8 The UK has four of the eight best universities in the world
131m invested in 227 companies in 2014
1.46bn invested in 2,710 deals in 2013-2014
2.5bn invested in 780 companies in 2014
1.2bn raised by tech IPOs in 2014
The UK has one of the most competitive tax systems in the world and one which is geared up to promote enterprise and innovation at home and attract investment and entrepreneurs from overseas. At 20%, the UK has the lowest rate of corporation tax in the G7 and the joint lowest in the G20.
The UK is home to some of the leading universities, attracting the brightest students from across the world. Four of the eight best universities in the world are in the UK: Cambridge, Imperial College London, Oxford and UCL. A world-class skills base in science and the technologies, the UK has the highest graduate output in Europe.
The UK has the fastest growing economy in Europe, with 2.9% growth in 2014 and an estimated growth of 2.4% in 20151. In fact, the UK is set to overtake Germany as Europe’s largest economy by 20302.
The UK is the European destination to launch innovative new businesses. It is the natural gateway to a market of 500 million European consumers and a natural bridge to the US. This global outlook, and a dynamic entrepreneurial economy, make it the natural choice to start, run and grow your business. Welcome to Britain, the European Innovation Destination.
UK technology deals growth
1 in 7 Migrant entrepreneurs set-up one in seven UK businesses
London: the best city for start ups
London: the most tech investment
1,009International tech investment projects in European cities 2005 – 2014
From fintech and creative industries in London to video games in Edinburgh, world-leading technology clusters have emerged across the country. Driven by proximity to universities or emerging in areas with a related industrial heritage, these communities help accelerate growth by providing a community of networked businesses, mentors, angel investors, venture capitalists and talent.
companies in UK
17 Number of companies with US$1 billion-plus valuations (as many as Sweden, Germany, Netherlands and France combined)
The UK has an innovation landscape that is the envy of the world. Talent is being uncovered and nurtured across the country, with ground-breaking technologies and services keeping Britain at the forefront of the global technological revolution.
Our companies are achieving extraordinary things, disrupting the old and making the new, in sectors a diverse as life sciences, fintech, gaming, hardware, consumer and more. It is these companies which illustrate just how important a combination of ideas, business expertise and investment is to fostering enterprise and entrepreneurship. It is these companies which prove the UK is The Innovation Nation...