Tech Nation Our Annual Report 2022
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We fuel growth
After a decade transforming UK tech, Tech Nation announces it will cease operations and seek to transfer its assets
After a decade as a government-backed organisation serving the UK scaleup tech ecosystem, we are today announcing that Tech Nation will be closing its doors from 31st March 2023.
As a direct result of the DCMS grant withdrawal, Tech Nation will be ceasing all existing operations through a carefully planned wind-down. Tech Nation is also actively seeking interested parties to acquire its portfolio of assets to take forward in a new guise.
We end this impactful chapter with pride in everything it has accomplished, in awe of the incredible individuals and businesses we have been privileged to champion, and in gratitude to everyone who has been part of our journey.
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Tech Nation is the growth platform for tech companies and leaders
Tech Nation fuels the growth of game-changing founders, leaders and scaling companies so they can positively transform societies and economies. We provide them with the coaching, content and community they need for their journey in designing the future.
Tech Nation catalyses the 21st century infrastructure that accelerates the entire ecosystem, bringing together a network of purposeful founders and philanthropists, progressive enterprises and policymakers, influential funds and institutions in order to collaborate in building the technological innovation that will improve the future for the UK and beyond.
When we started out in 2010, we dreamt of a tech nation that united the country. We kicked off by shining a spotlight on London’s tech cluster, and then rapidly expanded our reach to join the dots on UK technology, from Belfast to Bangor, Dundee to Derby, Liverpool to Leeds, Sheffield to Sunderland and Newcastle to Norwich. Our growth programmes, visa scheme, digital academy, networking conferences, international expansion programs, sandboxes, panels and in-depth sector research, analysis and reports have helped shape the trajectory and success of UK tech, now valued at $1trn (16x in 10 years) and employing 4.8m people (2x in 10 years)with salaries 80% higher than professional jobs.
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To fuel the growth of game-changing founders, leaders and scaling companies so they can positively transform societies, economies and outcomes.
A world in which anyone with vision and drive can access the skills and support needed to scale and succeed as a game-changing leader.
We fuel the growth of game-changing founders, leaders and scaling companies so they can positively transform societies, economies and outcomes.
Our growth stage programmes target the rising stars, fast movers and new leaders, supporting them on the journey of starting up, skilling up and growing up. Our sector programmes double down on the UK’s USPs, uplifting companies operating in financial services, cyber security and artificial intelligence.
Our academy provides the know-how needed to start, join or grow a digital business, levelling the playing field to diversify the technology landscape.
Our visa programme fast tracks the acquisition of exceptional people in digital technology, enriching the UK’s entrepreneurial workforce with global talent.
Our thought leadership showcases data, research and analysis on the UK’s digital economy, opening up access to the information, insights and intel that optimise acceleration.
Over the past decade Tech Nation programmes have engaged over 5,000 businesses, including accelerating 1,250 companies from across the country through 48 growth programmes. 28.1bn has been raised by these companies and through this, we’ve contributed more than £600m of Gross Value Add (GVA) for the UK economy.
Read a full report of Tech Nation’s activities and impact >
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Discover Tech Nation’s operational impact, our opportunities to improve and plans to become net zero by 2030.
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We’ve assembled a board of serial founders, seasoned investors and sector experts who share our obsession with building, backing and boosting the technological innovation to improve the future for the UK and beyond. They have lived the entrepreneurial journey so they can voice the founder perspective at board level. They keep us accountable, ensure we’re effective and accelerate our ambitions. Like us, they want to contribute to a future in which anyone with vision and drive can access the skills and support needed to scale and succeed as a game-changing leader.
We are both publicly and privately funded. Our core grant funding from DCMS accounted for 61.5% of our funding in 2021/22. The remainder of our funding is generated from sponsorship, commercial partnerships and other government contracts.