The first ever Tech Nation report reveals there are over 47,000 digital technology companies in the UK, with 74 per cent of those based outside of London. Half of the total, which don’t include sole traders, have been set up since the recession, with a digital technology companies accounting for 15% of all new companies founded since 2008.

Gerard Grech, chief executive of Government-backed TechCityUK, which carried out the report, said: “This is the UK’s first comprehensive analysis of what’s driving the digital economy around the country. Currently estimates are that the digital economy is around 10 per cent of GDP.”

The report found that the…