Seed-stage investment outside of London rose by 88% last year in a sign that early-stage startups based in the UK’s regional tech hubs continue to attract crucial capital to get off the ground.
By contrast, seed stage investment in London fell by 22% in 2021 compared to the year prior, according to the British Business Bank’s annual Nations and Regions Tracker.
Overall equity investments increased across the entire UK in 2021 in what was a well-documented record year for tech funding.
London continued to dominate with 1,286 deals worth £11.9bn, representing 66% of investment and 49% of deals in the UK.
However, the report noted that “this was driven by stronger growth in London compared to the rest of the UK, rather than a decline in the other UK nations and regions”....