Executive Summary

The uncertainty looming over U.K. businesses in the run-up to Brexit appears not to have threatened London’s position as the top startup ecosystem in Europe.

• The U.K. boasts more than double the number of venture capital (VC) deals than its closest European counterparts.
• The U.K. startup ecosystem — led by companies in London — continues to attract the lion’s share of VC investments in Europe.
• London has by far the highest concentration of startups in Europe and enjoys a number of hard-to-copy favorable factors, which should safeguard the city’s leading position whether the U.K leaves the EU with or without a deal.