Budget 2015: Critical investment will help bolster UK’s tech hub network

Critical investment will help bolster UK’s tech network

Tudor Aw, KPMG Technology Sector Head, comments on the Budget 2015.

Also on KPMG.com

Tudor Aw, KPMG Technology Sector Head, commented: "The £11m investment to boost tech hubs and incubators throughout the UK is terrific news and a real boon to the sector.

“KPMG's recent Tech Monitor revealed that while tech start up activity is at all time high, it remains highly concentrated in London. It is critical that we do more to encourage tech hubs in other key cities and this investment is an important step towards this.

“Encouragingly, our research also shows that UK tech start-ups have a high two year survival rate of 82%, much higher than the UK average of 76%, so this should be money well spent by the Chancellor.”



For media enquiries, please contact:

Zoe Sheppard, KPMG Corporate Communications

T: +44 (0) 117 905 4337

M: +44 (0) 7770 737 994

E: zoe.sheppard@kpmg.co.uk

KPMG Press office: +44 (0) 207 694 8773


Follow us on twitter: @kpmguk #budget15

Chancellor’s Budget 2015


About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff. The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

Connect with us


Request for proposal



KPMG’s new-look website

KPMG’s new-look website