The Silicon Gorge tech cluster, encompassing Bristol, Gloucester, Swindon and Bath, is a burgeoning hub of innovation, according to Research company Beauhurst.
The South West region is drawing increasing investment and world-class tech talent, with Bristol in particular home to a strong cohort of tech companies.
Beauhurst has recently revealed research which shows that home to 479 high-growth, private businesses, Bristol is the fourth-most-popular UK city for startups, outside of the Capital, following behind Edinburgh (622 companies), Manchester (513), and Leeds (503). The city is by far the leading hub for startups in the South West, with Bristol-based companies making up 20 per cent of the region’s high-growth population.
Bristol’s high-growth population has a similar sector make-up to the wider UK, with Business and Professional Services, Technology and IP-based businesses, and Industrials being the most common industries in the city. But Bristol’s focus on Business and Professional Services (36%) is much greater than the rest of the country (18%), with a particular emphasis on Marketing, whilst 6% of its startups operate in the Media space, compared to 4% across the UK, predominantly in TV and Film, said Beauhurst.
The city is a primary tech hub for the South West and, whilst its most common technology sector is software-as-a-service (SaaS), it’s also a hotspot for ambitious businesses operating in the chips and processors space, with the likes of Graphcore, Xmos, and Blu Wireless all calling Bristol home. Bristol is also a popular spot for cleantech startups, such as LettUs Grow and G-Volution, as well as biotech and medtech firms, like Open Bionics. Meanwhile, it’s also a hub for high-growth companies in the robotics, aerospace, and automotive industries, including FiveAI and Voltric.