post-brexit boost

UK tech firms received record investment of £1.3billion despite decline predicted by Remainers

The figure is four times higher than four years ago, while funding for tech firms is at a six-month high

BRITISH tech firms have attracted record investment this year — despite Remainer doom-mongers warning of a slowdown.

Venture capitalists pumped in £1.3billion in the first six months, four times the figure for the first half of 2013.

Getty Images
The move has snubbed predictions that tech firms would suffer as a consequence of Brexit

Some £1.1billion has gone to firms in London, where investment since last June’s Brexit vote is at least double that for any other European city.

London has attracted a total of £1.8billion in 544 deals since then.

Funding for tech firms is also at a six-month high, it is claimed.

Among the big winners was virtual reality start-up Improbable which got £388million.

Laura Citron, of London & Partners, the city’s official promotion firm, said: “The Brexit vote has understandably created uncertainty but London remains Europe’s leading hub for global investors.”

Laura Citron of London & Partners claimed the capital ‘remains Europe’s leading hub for global investors’

MOST READ IN NEWS

SON'S AGONY
Hollyoaks star breaks silence after mum and stepdad found dead in France
HUNT FOR CLUES
Killer of Brit couple found dead in France 'caught on camera' before murder
Exit mobile version