UK tech sector now worth $1.2 trillion, HSBC report finds – UKTN
The UK technology sector has grown by 20% since 2023 and is now worth at least $1.2 trillion in enterprise value, a new report has found, cementing Britain’s status as the top tech ecosystem in Europe.
This makes it nine times larger than it was a decade ago and means the UK’s ecosystem is larger than France’s and Germany’s combined.
The report, produced in partnership by HSBC Innovation Banking and Dealroom, notes that nearly half of this value is from companies founded in the last 15 years.
It also highlights the potential for the sector to grow further as half of this figure lies in pre-exit companies that may bring in more industry value as they are acquired or listed….
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