After sifting through Companies House’s data, RSM UK — a provider of audit, tax, and consulting services to middle-market companies — discovered that a total of 1,367 Scottish tech companies were incorporated in 2022. This is a jump of 243, seeing as the number was 1,124 in 2021.

In their data deep-dive, RSM UK also revealed that the total increase of tech incorporations across the whole of the UK in 2022 compared to 2021 was 22% — matching the figure for Scotland. Furthermore, all UK regions saw rises in tech incorporations, with eight out of ten seeing a climb of around or above 22%.

Despite this year-on-year increase for Scotland’s tech incorporation numbers, 2021 was still technically a better year for the region, however: in 2021, there was growth of around 37% compared to 2020.

Ben Bilsland, partner and Technology Industry Senior Analyst at RSM UK, said “Despite the obvious economic challenges, it’s been another strong year for the tech industry.

“Whilst it is no surprise to see London at the centre of new tech incorporations, growth across all regions outside the capital is further evidence of the UK’s thriving tech industry. There is clearly appetite from entrepreneurs to start up new, innovative businesses and become part of the UK’s booming tech industry.”

Recommended

• ITSX Summit | CX Transformation & Personalisation
• Glasgow Pupils Become Broadcasters Thanks to STEM Project
• Revealed: The Sites with the Most Security Threats

Speaking on the 46,474 new tech companies incorporated across the UK in 2022, Bilsland also said: “This crop of early-stage businesses will need support to scale. Access to funding will be crucial and the UK government will need to ensure that UK tech is an attractive place for both domestic and overseas investment.

“For many young innovative companies, R&D tax incentives are crucial cash inflows. For many, the recent changes to UK R&D schemes that reduced the amounts small companies can claim were not seen as a positive step towards supporting the early-stage ecosystem.

“Innovation requires a world-class talent pool and UK tech will look to both education and immigration to build their workforces. Support from our universities and schools to build skills in STEM subjects and emergent areas such as Artificial Intelligence will be essential. Clarity over immigration policy will be required to ensure a healthy inflow of tech talent to fuel growing companies.”