Tech-start numbers rise in East Midlands
The number of new tech companies being set up in the East Midlands rose by 3% in 2020 according to new analysis by accountancy firm RSM.
In total, there has been 414 tech businesses incorporated in 2020 according to data held by Companies House, a 3% increase compared with 403 in 2019.
Simon Browning, head of RSM’s technology and media team in the East Midlands, said: “Despite the acute impact of the Covid-19 and lockdown restrictions, it’s encouraging to see such strong growth in the East Midlands tech sector as entrepreneurs seize the opportunities that the pandemic has revealed for technology to support new ways of working and digital entertainment.
“In 2020, the UK attracted $15bn in investment and sits third internationally for tech incubations according to the latest Tech Nation report – demonstrating that the UK continues to stride ahead of other European countries, despite Brexit, and remains the first-choice tech hub after the US and China.
“The UK will always be a target for investment due to the financial and private equity infrastructure; but it’s great to see growth in the East Midlands where thriving media and technology industries are fuelling regional growth.”
