The value of South Yorkshire’s tech sector has grown by more than 700% in the last decade, according to a new report from data provider Dealroom that will be launched today at the South Yorkshire Tech Summit.
Dealroom’s report, published in partnership with TECH SY, a project to scale up the South Yorkshire tech and digital economy on behalf of the South Yorkshire Mayoral Combined Authority, revealed that the combined value of South Yorkshire’s tech startups was £3bn in 2024.
This is eight times higher than in 2014, when South Yorkshire’s tech economy was worth just £370m.
The value of pre-exit startups in South Yorkshire, which have not yet been acquired or floated on the stock market, was £737m in 2024. This is nine times more than in 2014 (£83m).
Since 2020, tech startups in South Yorkshire have raised over £200m in venture capital funding. More than half of this (55%) went to deep tech startups pioneering entirely new products based on engineering innovations and scientific advances.
A third (32%) of the funds was raised by companies using technology to…
