London has traditionally been the top UK region for entrepreneurship and continues to lead across all metrics by a significant margin. London accounts for over a quarter of all high growth companies in the UK, with 1,529 out of a total 4,110.
While London continues to lead the rest of the UK, it has not been left untouched by larger fluctuations in the entrepreneurial environment. The number of companies backed by private equity has declined slightly year-on-year, from 208 to 204. However, the ratio of private equity-backed companies to all companies (0.38), is the highest in the country and it also has the highest overall number of private equity-backed companies.
London also leads when it comes to the number of companies with venture capital and expansion funding, at 89 and 66 respectively. In fitting with the national trend, VC funding has declined year-on-year, but the number of companies with expansion funding has increased in the same time period, up from 62 to 66.