This week the Royal Academy of Engineering Enterprise Hub published their annual report on the State of UK Deep Tech™ report 2025. It showed that the UK ranks first in Europe and third worldwide in venture capital raised for the deep tech sector. These frontier technologies are considered both strategically and economically significant for the British economy.
Welcoming the UK Autumn Budget 2025, Sir John Lazar CBE FREng, President of the Royal Academy of Engineering, says:
“Making the UK the best place for business is a welcome ambition. Engineering entrepreneurs are the backbone of innovation and growth, driving productivity and creating high-value jobs."
“If we want to keep scaling companies in the UK, measures like listings relief send a clear signal that Britain is serious about supporting the next generation of world-leading engineering firms, but substantially more capital still needs to flow."
“Talent also matters, but the new surcharge on international student fees sends a negative signal about the importance of future innovators. Falling overseas enrolments threaten the sector’s stability and could worsen the UK’s chronic skills shortages—especially in STEM.”
