ISSUE SPOTLIGHT: SCIENCE & TECHNOLOGY
ISSUE SPOTLIGHT
The number of new tech companies being set up in the South East rose by 40% in 2017 according to new analysis by RSM. In total, there were 1,296 software
development and programming businesses incorporated in the South East region in 2017, a 40% increase on the 925 companies set up in 2016. The data from Companies House also
revealed that the South East accounted for the highest number of new tech companies in the UK after London. Simon MacDonald, RSM partner and
‘DESPITE THE FEARS OF A
technology specialist said: “These figures show very clearly that despite the fears of a post-referendum slowdown, the region’s tech sector is incredibly vibrant and growing at a remarkable rate. “There are a number of reasons for this. The region’s universities are playing a key role in developing and
POST-REFERENDUM SLOWDOWN, THE REGION’S TECH SECTOR IS INCREDIBLY VIBRANT’
growth as part of the government’s overall industrial strategy.”
The region’s SCIENCE & TECHNOLOGY sector continues to find innovative new ways to help businesses
BOOM IN NEW TECH COMPANIES
nurturing exceptional talent. The country – and the London and South East regions in particular – are also continuing to attract the world’s brightest and best. “Entrepreneurs are able to gain good access to finance, either through traditional sources of debt at relatively cheap rates, or from venture capitalists and private equity funds. “The UK’s tax regime is also proving to
be an incredibly powerful tool in encouraging tech businesses, who take advantage of legitimate tax saving and incentive programmes. These include the Enterprise Investment Scheme, Research & Development tax credits, video games tax relief and the Patent Box regime. “There is undoubtedly the political
will to build momentum and generate further Simon MacDonald
20 inbusiness JUNE/JULY 2018
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