Brexit tech boom

A study of data stored by Companies House suggests that 5,995 new technology companies have been set up in the last 8 months since the referendum, compared with 2,325 in the 8 months leading up to the vote.

Richard Heap, technology partner at RSM (who conducted the research) said: “There were fears that the Brexit vote would dampen activity in the tech sector and businesses would be attracted overseas. In reality, they are staying and multiplying.

“London continues to be the hotbed of tech activity, accounting for almost half of all new tech company incorporations over the last eight months, but we are also seeing strong activity outside the capital, particularly in Manchester and across the home counties,” he said.

As City AM’s graphic shows, the tech boom is expanding across every region of the UK.

Another Remain lie bites the dust.