Tech companies in Britain raised record £26bn in funding this year – nearly double Germany’s and triple France’s
Tech companies in Britain have raised a record £26billion in funding this year – nearly double that in Germany and more than triple the amount in France.
In a further sign of post-Brexit health, UK tech investment comprises 35 per cent of the £76billion ploughed into European projects this year.
The benefits are being felt nationwide – with a third of the money going to companies outside the South East, according to figures for the UK’s Digital Economy Council compiled by Dealroom and Adzuna.
A shining light: UK tech investment comprises 35 per cent of the £76billion ploughed into European projects this year
A record 29 companies which achieved ‘unicorn’ status were created in 2021.
The £26billion total investment is more than double last year’s £11.5billion.
More than a third of this cash came from the US.
Eileen Burbidge, founder of investment group Passion Capital, said: ‘More and more ambitious entrepreneurs are launching start-ups in the UK.’
Nigel Toon, of Bristol-based Graphcore, said: ‘There is no longer any debate on if you can build a multibillion dollar tech business in the UK.’