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Posted on November 18, 2019 by staff

Top tech businesses in LCR to see 65% growth in 2020

Liverpool City Region’s top tech businesses are predicting an impressive 65% revenue increase on last year, according to the 2019 LCR Tech Climbers report.

The report, launched by tech and creative funding programme LCR Activate, in association with Praetura Ventures, was launched this week.

Findings from the report suggest that Liverpool City Region’s tech scene is set for continued growth in 2020, with its top tech scale-ups predicting an average revenue increase of 65 per cent on last year.

It also reports that 53 top tech businesses in LCR are projecting the creation of over 700 jobs between them in the next 12 months.

Commenting on the launch of the report, Jonathon Clark, business and technology manager at LCR Activate, said, “We’re incredibly excited to launch the first LCR Tech Climbers Report and highlight some of the region’s best and most creative tech businesses.

“These businesses are the driving force of growth in the local economy and are helping to prove Liverpool City Region as the go-to tech destination in the UK for future job-seekers, investors, and entrepreneurs.

“We hope that in creating this report and sharing the successes of the Tech Climbers, we are helping to showcase just what Liverpool City Region is capable of with the right support and resources.”

Ben Hatton, MD, Portfolio at Praetura Ventures, added, “Praetura Ventures have always sought to support businesses in Liverpool City Region that are demonstrating outstanding innovation, and the LCR Tech Climbers Growth Report 2019 showcases those businesses.

“The report highlights the fantastic opportunities that the region has to offer and we’re certain it will encourage further engagement with the investment community both regionally and nationally.”

Developed as a result of research conducted with some of the region’s top tech businesses, the launch of the report follows on from the LCR Tech Climbers 2019 list which launched in September and highlights 35 of the best tech scale-ups in the region.