Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology, how many and what proportion of start-ups have relocated to Silicon Valley in the last ten years.

There is currently no available dataset that accurately provides the number or proportion of start-ups that have relocated to Silicon Valley. The UK remains Europe’s top tech ecosystem and the third most valuable globally. However, the Government knows that start-ups can face difficulties when scaling here. Our ambitious Industrial Strategy sets out our vision to make the UK, by 2035, one of the top three places in the world to create, invest in and scale-up a technology business. This includes an ambition to create the UK’s first trillion-dollar technology business by 2035. The government will achieve this through reforming the business environment by addressing the need for greater investment, skills, infrastructure, planning reform, regulatory reform and access to international markets.