According to the newly released Tech SME Landscape report by the City of London Corporation, tech SMEs in London have attracted significant investment, totaling £7.2 billion since 2019. In 2024 alone, funding reached highs with fintech firms receiving £810 million, more than doubling previous figures. Data and AI companies also showed impressive growth. London houses over a third of the UK's tech SMEs and 75% of tech unicorns, benefiting from its vibrant ecosystem. The City’s SME Strategy aims to support business growth and strengthen the local economy amid the 'Destination City' vision.
Tech SMEs in London attracted £7.2 billion in investment since 2019, with the fintech sector showing remarkable growth and securing record funding.
The City of London remains home to a third of the UK's tech SMEs and nearly 75% of the country's tech unicorns, highlighting its innovation hub status.
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