Work & marketsUnited Kingdom+2 clusters01
Ashraf, Coyle and Debnath, “Code, capital, and clusters: understanding firm performance in the UK AI economy”
A study combining Companies House, Office for National Statistics, and glass.ai data on UK AI entities from 2000–2024 finds that 41.3% are concentrated in London. Firm size and the intensity of AI specialization are the main revenue drivers, while local qualification rates, population density, and employment make smaller but significant contributions. Forecasts point to 4,651 entities by 2030, alongside slower expansion and a rising dissolution ratio that the authors interpret as a move toward consolidation.