Yorkshire Tech Incorporations Jump By Over A Third In 2021
The number of new tech companies incorporated in Yorkshire and the Humber jumped 34 per cent in 2021, according to new analysis by leading audit, tax and consulting firm RSM UK.
A total of 1,135 tech businesses were incorporated in the region in 2021 according to an analysis of data held by Companies House, up from 849 in 2020.
Chris Etherington, tax partner and head of media and technology for RSM UK in Yorkshire, comments on the findings:
"Our analysis shows that the number of tech incorporations in the region has grown by 34 per cent, and it is clear to see that the tech sector has thrived in conditions where other industries have either slowed or declined during the pandemic.
"Covid-19 has encouraged more businesses to embrace technology, both to operate successfully during periods of disruption and to adapt to shifting consumer demands. As the sector rolls out 5G and experiments with new ideas such as the metaverse and crypto, the region is in a favourable position to develop its growing tech infrastructure through events such as Leeds Digital Festival and also by welcoming new businesses to Yorkshire and the Humber."
Overall, UK tech incorporations increased 62 per cent in 2021, from 23,579 to 38,240.
In addition, the UK tech sector this year became only the third economy, alongside the US and China, to reach $1 trillion in value after a surge in growth throughout the pandemic. The UK’s digital industry is now worth more than double Germany’s equivalent, its closest European rival. RSM’s latest analysis further evidences the UK’s key role in supporting entrepreneurs and encouraging innovation.
Tech company incorporations by year
|East Midlands (England)
|East of England
|North East (England)
|North West (England)
|South East (England)
|South West (England)
|West Midlands (England)
|Yorkshire and The Humber