Within technology there are no geographical boundaries! That’s great news if you are an innovative tech startup who is looking to grow your company over the next few years.
Historically London was always the place where the talent migrated too, yet since COVID when employees were forced to work from home, some of the desire to be in such a central location has diminished. With employees proving that they can confidently continue their roles from just about anywhere, as long as they have a laptop and WIFI connection, the ability to work more independently has proven to be sustainable.
This means that in going forward, innovative tech startups can look further afield for a base and at a fraction of the cost in terms of business rent. Other main cities such as Birmingham, Manchester and Bristol offer an abundance of talented IT digital entrepreneurs with plenty of experience and exciting ideas.
Innovative tech startups in the West Midlands
This now gives regions outside of London and a better chance to level up the playing field and to distribute revenues which were once more focused in the capital. And with the proof that, “Tech startups and scaleups in the West Midlands raised a record £390m in funding in 2020, almost three times more than 2019’s previous record of £132m”, according to a recent article by The Business Desk. The West Midlands are in a prime position to become a central hub for new innovative tech startups .
Are you an innovator of a new tech start up business? If so, Crendon Insurance would love to hear from you! We support West Midlands innovative tech startups with startup business insurance for their business. Our policies include aspects such as professional indemnity, digital technology insurance, intellectual property insurance, cyber security insurance, online retail insurance, plus more. To find out how we can protect your new startup business please contact us.
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