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Region fares well on new ratio showing ‘ideal balance’ of tech companies

The East of England shows a healthy measure on a new yardstick created to show the ideal balance of tech firms to drive growth in a region between seed, early and late stage scaleups.

The new ‘scale ratio’ launched by Tech Nation, a scaleup network for entrepreneurs, shows that a ratio of  50% seed, 30% early growth and 20% late growth in a UK regional tech hub points to a mature, balanced ecosystem. It should be well-placed to benefit from the faster growth of late stage companies while creating the next wave of tech scaleups. Cambridge -along with London and Manchester- show this ratio and attracted the most investment in the UK in 2020, with 70 per cent  investments made into late stage companies.

The East of England closely follows a 50:30:20 ratio, although Peterborough is over-reliant on late stage tech scaleups. Dr. George Windsor, head of insights at Tech Nation, said: “Crucially, the scale ratio tells us about the growth potential of the UK’s tech hubs and provides the levelling up agenda with new evidence to boost regional ecosystem development. It highlights exactly where scaleups are not receiving the support they need to grow from seed stage upwards to ensure these gaps are plugged.” Two Cambridge companies, quantum software frim Riverlane and Speechmatics, are among  33 promising tech companies joining Tech Nation’s latest upscale programme.

Last Updated ( Tuesday, 02 February 2021 10:19 )

 

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