Edinburgh Chamber of Commerce

06/11/2024 | Press release | Distributed by Public on 06/11/2024 03:05

Scottish tech businesses urged to apply for Deloitte’s 2024 Fast 50 Awards

  • Deloitte's Technology Fast 50 awards recognise and rank the 50 fastest growing technology companies across the UK;
  • Scotland has ranked 143 times over the awards' history, including two top spots;
  • Awards to highlight excellence in various categories, including Women in Leadership, CleanTech, Regional, and Rising Star;
  • Last year's Fast 50 companies generated a combined revenue of £801 million in 2022/23 and employed nearly 15,000 people.

There are just a couple of weeks left to apply to Deloitte's 27th annual technology Fast 50 awards, with Scotland-based technology firms encouraged to apply.

The awards recognise and rank the 50 fastest growing technology companies in the UK, based on the last four years of revenue growth. The awards provide technology businesses with an opportunity to showcase their growth and innovation on a national stage.

Beyond the Fast 50 ranking, awards will also be given in the Women in Leadership, CleanTech, Regional and Rising Star categories.

Last year's network of UK Fast 50 companies generated cumulative revenues of £801 million in 2022/23, employed nearly 15,000 people and had an average growth rate of 5,473%. The ranking included four Scottish companies from across Aberdeen, Glasgow, and Edinburgh, with Glasgow-based Utopi Ltd also securing the CleanTech award for its outstanding contribution to sustainability.

Garry Tetley, tax partner and Deloitte Private leader in Scotland at Deloitte, said: "The Technology Fast 50 celebrates the best and most innovative of businesses across the UK, with eleven winners hailing from outside of the capital since the inception of the awards. The economic and business landscape is fast-moving and changing, so it's important that we take the time to stop and recognise the importance of start-ups for regional economies. The value of the jobs, investment and growth generated from these companies cannot be understated. We look forward to seeing all of this year's Scottish nominations."

Kiren Asad, lead partner for the Deloitte UK Technology Fast 50 programme, commented: "As the UK aims to position itself as a global leader in technology and innovation, the hard work and tenacity of tech start-ups and scale-ups is helping to create jobs, value for the economy, and exciting new products and services.

"The 27th year of our annual Technology Fast 50 awards will showcase the businesses that are making a real influence in their sectors. We look forward to viewing this year's entries and celebrating the growth and entrepreneurship of the UK start-up scene."