New data shows a record number of new technology ventures were incorporated in the North West in 2025. Tony McDonough reports
New data from accountancy firm RSM reveals a record number of new tech firms were incorporated in the North West in 2025.
RSM’s analysis reveals 4,385 new tech incorporations, up 24% from 3,528 the previous year. Nationally, there were 56,615 new incorporations last year, up 17% from 48,518 in 2024, and increasing 47% compared to five years ago (38,421).
Despite ongoing economic uncertainty throughout 2025, tech business leaders remain optimistic. RSM’s Technology Industry Outlook found over three-quarters (76%) said they feel confident their technology business will grow under the current government.
Darren Griffin, head of technology for RSM in the North West, said: “This is fantastic news to start the new year with, and demonstrates a vote of confidence in the North West as a great location for tech start-ups.
“With the sector showing such strong growth, it’s now more important than ever that our region’s tech companies can access the right funding and support to navigate current challenges around attracting skills and talent.
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“A great example of this is the Local Innovation Partnership Fund (LIPF), with £30m earmarked to support collaboration for tech-driven projects. This includes companies working in advancing AI and emerging technologies in Liverpool city region.
“Access to such funding is key to accelerating commercialisation, strengthening R&D infrastructure, and driving inclusive innovation across the region.”