Why is the UK so good at producing unicorns for its size?

So why is the UK so good at producing Unicorns?

1. Strong technology sector: The UK has a strong and innovative technology sector, with many successful tech companies and a thriving start-up ecosystem. This provides a supportive environment for start-ups to grow and scale.
2. Access to funding: The UK has a well-developed venture capital industry, with many firms actively investing in start-ups. In addition, the UK government offers two programs – the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS) – that provide tax relief to individuals who invest in small, early-stage companies. This helps start-ups access the funding they need to grow and develop.
3. Talent pool: The UK has a highly educated and skilled workforce, with many top universities producing talented graduates who go on to work in the tech sector. This provides a strong pool of talent for start-ups to draw from.
4. Favourable business environment: The UK has a business-friendly environment, with low taxes, light regulation, and a stable political and economic climate. This makes it an attractive place for start-ups to set up and operate.
5. Global connections: The UK is a global hub for business, with strong connections to other countries around the world. This gives UK start-ups access to global markets and the opportunity to expand internationally.

Source: https://www.statista.com/topics/5919/unicorns-worldwide/#topicOverview