From start-ups to scale-ups – is the UK finally solving its problem with growing tech talent?
Back in 2024, the Communications and Digital Committee of the House of Lords – the expert group of cross-party peers in the upper chamber of Britain’s Parliament – conducted an in-depth Inquiry into a recurring problem for UK innovators. Despite its world-leading record of hothousing start-ups in sectors such as AI, FinTech, quantum computing, space technology, robotics, and more, Britain often fails to scale them up to thriving unicorn enterprises.
Put simply, Britain has long been a great place to start a business, but not to grow it. The combination of a relatively small – and, post-Brexit, isolated – domestic market and a conservative, risk-averse investment culture has often seen start-ups fail to bridge the funding gap between early-stage investment and significant growth capital.
As a result, many flee to the US West Coast and its portfolio approach to venture funding, where a single success more than compensates for twenty...
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