The UK has the 3rd largest tech VC sector worldwide - only after the US and China
> in action most of their Engineering and Product teams are located in Eastern Europe or India
London also has the largest software sector outside the US, after the Bay Area, Boston, and NYC.
And as I mentioned before, most startups tend to only be UK domiciled for funding reasons, but majority of their operations and leadership are located outside the UK.
Foreign (read: American) VCs tend to conduct transactions in a handful of very well regulated markets, so a Chinese, Indian, or Romanian startup will often have to make a domiciled corporation in a financial hub like the UK or Singapore in order to raise.
For example, Revolut has around 16,000 employees, but barely 2k in the UK and around 7k in Poland+India - and most of these roles are engineering AND strategy roles.
> London also has the largest software sector outside the US, after the Bay Area, Boston, and NYC
Source? Boston is nowhere near a top software hub - both Seattle and Austin are much larger in the software space than Boston.
And I would be shocked if the net amount of SWE roles in London is higher than Tel Aviv or Bangalore.