Scaling up a business is easiest in the United Kingdom, says new report

By Johan De Mulder

The United Kingdom is the best place for a business to quickly scale-up, according to a report supported by technology giant Cisco.

Mind the Bridge, which runs entrepreneurship programmes, recently released its Scaleup UK 2017 SEP Monitor report, with it painting a positive picture for the growth potential of businesses in the Britain.

Naming the UK as ‘the tech scale-up capital of Europe’, the report claims that scale-ups in the country account for 35% of the total capital raised on the continent, a figure standing at $21.5bn. 

See also:


Compared to its European rivals, UK scale-ups raised four times more capital via IPOs than Germany and three times the collective amount of France, Spain and Italy.

"This report demonstrates the formidable strength of the UK in providing the right environment for growing businesses. However, it is evident that we still have work to do," said Nick Chrissos, Head of Innovation, Cisco UK & Ireland.

"Whether it’s London cementing its position as a global scaleup capital, or other UK regions achieving greater levels of ambition, the UK has the potential and it now has the foundation and impetus to create world leading digital industry."

London remains the centre for UK business with 69% of scale-up activity concentrated to the capital, though the Northern powerhouse – which includes cities such as Manchester and Liverpool - has seen an increase of ventures, achieving a share of 8%.

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy