Tech growth slows in the North West as funding challenges bite

The number of tech companies incorporated in the North West rose 14% last year – but that growth figure was down on the previous year with analysts suggesting funding challenges could be to blame.
Audit, tax and consulting firm RSM UK analysed the number of tech firms incorporated across the UK in 2023. The study showed that across the UK, the number of new companies rose 22% from 41,972 in 2022 to 51,017 in 2023 – suggesting “the UK’s tech sector remains resilient despite broader economic challenges”.
Ssub-sectors that saw significant growth included software developers, data businesses and IT consultancies. …