2020 marks the publication of the fourth edition of the
ScaleUp Index, the only report that examines all the UK’s
‘visible’ scaleups in depth. Each year we seek to expand
the analysis as part of our commitment to improving the
quality of data that is publicly available on the scaleup
community and this year is no diff erent.
With the onset of the Covid pandemic in 2020 it has never
been more important to understand who our scaleup
growth champions are, as it is this community of scaleups
who with the right support, will drive the UK’s economy
forward in 2021 and beyond. Despite everything, as an
ecosystem we should be very encouraged by the good
news that with the concerted eff orts over the past fi ve
years we have more scaleups breaking through the
£10m+ turnover than ever before. In 2020 we now have
7,474 visible scaleups - a 37% jump year on year, with 250
more listed on the London Stock Exchange’s Alternative
Investment Market (AIM). And pleasingly, the number of
female founded visible scaleups has doubled in a year.
The Index continues to map the state of the UK’s scaleups
across sectors, geographies and more. In this year’s edition
we have found:
The overall number of visible scaleups has almost
doubled since we fi rst published an Index in 2017
when we were able to identify 3,856 visible scaleups.
For the fi rst time we have been able to analyse scaling
events and have found that on average, 40% of scaling
events are based on headcount and turnover; 41% are
just turnover; and 19% are just headcount.
Visible scaleups are found across sectors and across
the UK with notable scaleup clusters outside of
London in Leeds, Birmingham, Manchester, Glasgow,
Edinburgh and Cardiff .
Visible scaleups have shown resilience during the
Covid-19 pandemic, with almost 80% showing
indications of moderate to positive impact. Even more
positively, 1,048 scaleups (14%) have created job
opportunities throughout the crisis.