The survey, which looks at which areas received the most funding from the Start Up Loans Company, found that Birmingham secured more than £2m last year – an increase of 39% on the previous year – followed by Cornwall (£1.3m) and Durham (£1.2m).
Durham saw by far the biggest boom in funding, with a 243% rise in investment since 2015. The North was well represented generally in the top 10, with Sheffield in fourth (£1.2m), Leeds in seventh (£923,990) and Manchester in 10th (£800,300).
In the South, Bristol raised just over £1m and Bournemouth secured £868,120, rising by 63% and 113% respectively.
Edinburgh saw a 40% increase in funding from the Start Up Loans Company to £937,123, while investment in Glasgow rose by 89% in the last year to £860,015.
Tim Sawyer, CEO of The Start Up Loans Company, commented:
“A boost in government and private funding for infrastructure and industries in former manufacturing hubs like Durham has brought with it a renewed start-up fever north of the capital. And the region is sending out a strong message that it’s open for business.
“We can’t deny that London is a strong start-up hub, but it’s encouraging to see a regional spread of start-ups popping up.”
Margot James, small business minister, said: “The UK has an excellent record in creating businesses and we want to make sure start-ups outside of London can access the finance they need.
“This government recognises the funding challenges facing British start-ups, and is addressing this as part of our modern industrial strategy.”