The increasing number is made up mostly by new local start-ups, along with existing companies that have moved north of the border from England.
But why the sudden growth? Scottish Development International trade and investment specialist, Graham Hatton told Compelo that Scotland’s access to the UK market is one driving factor. The great quality of life, as well as the supportive business environment, and the country’s world-class universities are a few more reasons. There’s also no denying the fact that Scotland is teeming with professionals who have vast experience in tech and finance. “During 2018, a number of rapidly growing start-ups from London chose to open offices in Scotland, such as Previse and
FinTech Scotland who released the
FinTech Scotland was established just over a year ago, with the hopes of becoming one of the top five global
This just proves that the country is keeping up with the changing times, which is quickly shifting to a data-based business model. In fact, the recent public investments in Edinburgh and southeast Scotland are proof that data is key to the country’s economic growth. The Scotsman calls data the key to Scotland’s growth as “the ability to collect and analyse data underpins one of the central strands of the Edinburgh and South-East Scotland City Region Deal – a desire to transform the region into a digital powerhouse.” It’s no surprise that more and more industries and corporations are utilising data, with UK companies taking advantage of how it can improve productivity. Fleet companies
Our January article on Fintech Scotland reported on some of the company’s enabling roles, which include connecting
Article written by Jen Brooke for highgrowth.scot