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Tech

Number of tech startups opening for business in Liverpool is soaring, new figures show

City now one of º£½ÇÊÓÆµ's top locations for tech startups

The Baltic Triangle area of Liverpool, including the Cains brewery tower. Picture: IronBird(Image: Liverpool Echo)

The number of tech startups opening for business in Liverpool is soaring, new figures have shown.

Data reveals that 230 companies in that sector set up shop in the area last year - up 2.3% on the year before, bringing the total number now to 5,421.

It means the city is now in the top ten places in the º£½ÇÊÓÆµ for tech startup businesses, according to research from the Centre for Entrepreneurs.

The increase comes despite uncertainty caused by Brexit and the General Election in December.

Toby Harper from Harper James Solicitors, which has supported many of the new startups in the city, said: “These figures are fantastic news for the region and prove it is a brilliant area to do business.

"They underline how, despite the political uncertainty businesses faced in 2019, that entrepreneurs are still coming up with new ideas and being as ambitious as ever.

“As an entrepreneur myself, I know the barriers that exist in getting your idea off the ground so it is hugely encouraging to see so many new businesses, especially in the tech-sector, entering the market.”

Across the º£½ÇÊÓÆµ, companies were launched in over 700 different industries - in various areas. As examples, that included 10 new firms working to raise llamas and alpacas, 23 new credit bureaus, 429 new driving schools, and 141 new watch and jewellery repair firms.