Explore the ScaleUp Annual Review 2023

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


Across the South West region there are 1,980 scaleups with key clusters in Wholesale & Retail, Admin & Support Services and Manufacturing. There are 1,685 businesses in the scaling pipeline growing between 15-19.99%.

There are 6 localities within this region. 3 local authorities in the region (Bath & North East Somerset; Bristol; South Gloucestershire) have combined to form the West of England Combined Authority. Over the eight year trend since monitoring began we see on a regional level:

  • The average of the region has increased slightly from 39.1 in 2013 to 40.2 in 2021 in scaleup density. By comparison the national average increased by only 0.3 scaleups per 100k population during this time period.

More locally we observe:

  • 2 localities – West of England and Gloucestershire – have tracked above UK average since 2013
  • Cornwall and Isles of Scilly locality has shown a steep decline from its peak at 55.8 scaleups per 100k population in 2016 to 37.4 in 2021.