Explore the ScaleUp Annual Review 2022

Select a section to expand and explore this year's review..


It is encouraging that scaleup numbers remained constant despite the unprecedented challenge of the onset of the global pandemic in Q1 2020. However, this is an early snapshot and the full picture of the impact of the pandemic on scaleup numbers will take time to emerge. There are many challenges yet we should recognise how far we have come. The number of UK scaleups is 26% higher than it was in 2013. 

We have identified the place-based drivers of scaleup growth: the sharing and spreading of knowledge, active engagement with and by universities, and strong local ambition with support and goodwill from the wider group of local stakeholders. We know that three main factors drive scaleup growth – access to equity finance, access to skills and sectoral clustering. This understanding is crucial to enable local areas and the whole economy to fully realise the scaleup and scaling pipeline potential and maximise their contribution to the UK economy.

These are difficult times. Fostering and enabling scaleups – locally, regionally and nationally – is vital in helping the UK navigate through these storms. Urgent action is vital at national and local level to help scaleups look through and beyond the current economic and geopolitical crisis – because their survival and growth are at the heart of our future prosperity.

Previous Growth rate analysis for scaleup and scaling pipeline businesses
Next 2022 Scaleup Leaders’ Views