The UK technology sector has continued to grow despite severe Covid-19 disruption, the latest figures have revealed.

According to the data shared by Companies House, the UK’s official register of companies, lockdown restrictions have yet to impact the industry as they have the rest of the business sector.
The research shows that 14,301 technology businesses incorporated in 2020, representing a 13 per cent increase compared to 2019 (12,696).
While London (7,480 new incorporations, up 24 per cent) continued to cement its position as the number one destination for tech, the biggest regional increases were observed across the West Midlands (up 40 per cent), Scotland (up 12 per cent), Northern Ireland (up 10 per cent), the North East (up seven per cent), the East Midlands (up three per cent), and the East of England (up two per cent).
Separate figures also show that the UK continued to attract record levels of inward investment. According to the latest Tech Nation report, the UK technology sector recorded some $15 billion (£10.8 billion) of investment in 2020 and placed third internationally for tech incubations – behind only the US and China.
Commenting on the figures, Digital Secretary Oliver Dowden said: “With record levels of investment secured and UK listings gaining momentum, this report shows Britain’s tech sector continues to go from strength to strength, solidifying our position as one of the world’s top tech hubs.
“We want to bring about a golden age of UK tech through a raft of supportive measures and funding to help businesses thrive. This will help fuel a booming tech sector – creating jobs and improving services so that we can build back better from the pandemic.”
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