Edinburgh cleantech capital of the world

Published: 24 July 2019

Edinburgh has been declared the top destination for cleantech investment globally after it saw the largest percentage of financial support for firms that are kind to the environment.

The findings from Tech Nation highlighting what is a growing technology specialism for Scotland was discussed at a roadshow in Edinburgh yesterday sponsored by accountancy firm RSM.

It is great to see our multi-billion pound digital tech sector continues to thrive and make a vital contribution to our economy...

David Mundell , Scottish Secretary , UK Government

 

 

Cleantech involves companies which increase productivity and efficiency by minimising their impact on the environment. The report UK Tech on the Global Stage showed Scotland has 9,045 digital tech businesses, employs 58,000 people and has a turnover of £3.86 billion.

The 2019 report, the latest annual state-of-the-nation analysis, also revealed that the UK is the fourth in the world for scale-up investment; and shows that Edinburgh sits within the top 15 of UK cities that has benefited from this scale up tech investment.

The technology sector in Edinburgh has also been twinned with Herzliya in Israel and Strasbourg in France based on current investment and investment trajectories. 

Liz Scott, head of entrepreneur engagement at Tech Nation, said: “Each year we have monitored the growth of the sector and provided information about the opportunities and challenges. This year it is our pleasure to present UK tech on the global stage. The nation is truly delivering on its tech promise, and fast becoming one of the strongest tech economies in the world."

Ross Stupart, partner and RSM’s head of technology and media in Scotland said: “It’s great to see Edinburgh getting a significant percentage of the scale-up investment, despite competition from other global tech hubs..."

Full story via Insider News

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