UK Defence Tech 2023: Advancing National Security through Innovation

This report takes a look at 251 early-stage private companies in the UK, which are developing technologies and products with defence applications, or that have received funding from organisations with a focus on the security sector. Over the past decade, equity investment into defence technology companies has grown significantly, with these companies securing a total of £1.05b since 2013.

This investment, alongside grant funding and a strong pool of innovative, academic spinout companies, makes the sector well-placed for continued success within the UK.

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Inside the report…

UK Defence Tech 2023 — private investment

UK Defence Tech 2023 — sector companies (Worldr / Janus)

About the authors

Henry Whorwood
Managing Director
Henry leads our Beauhurst Insights team, and is an expert on equity finance and high-growth business. He's worked on briefs for the likes of Barclays, SyndicateRoom, Innovate UK, Smith & Williamson and British Business Bank. He regularly gives presentations on market trends at events around the UK.
Daniel Robinson
Senior Research Manager
Daniel conducts data manipulation and analysis as part of the Research & Consultancy team. He has a background in business analysis and commercial copywriting in Australia and the UK, having worked at The Sunday Times Fast Track, Oxford University Press, and advertising network MullenLowe Group.
Freya Hyde
Senior Designer
Freya performs data visualisation and graphic design in the Research & Consultancy team. She has worked on projects for clients including Barclays, EY and JP Morgan. Freya holds a BA in History (International) from the University of Leeds, which included a year at Fudan University in Shanghai.
Advone Katsande
Graduate Associate
Advone writes copy, and performs data analysis and visualisation. She has written on the nature of Venture Capital Trusts, and worked on projects for Rawnet and Deloitte. She read Law at the University of East Anglia, where she acquired her undergraduate LLB.
Blanca Valencia
Graduate Associate
Blanca handles data analysis and visualisation, as well as copywriting. Prior to joining Beauhurst, Blanca graduated from Queen Mary University of London, where she was awarded a BSc in Computer Science with Management (ITMB).
Ethan Yip
Data analyst and visualisation specialist
Ethan carries out data analysis and visualisation. Before joining Beauhurst, Ethan graduated from the University of Bath, where he was awarded the degree of Master of Chemistry (MChem) and spent a year studying at the National University of Singapore.