British tech start-ups flourish as investors pile in

A record 10,000 tech companies were created
in the UK 2017

One-Minute Read

The credit for the tech surge is partly down to academic
excellence, with British universities now playing a “key role in
developing and nurturing exceptional talent”, said RSM’s David
Blacher.

Increased US investment, meanwhile, is enough to “knock back
claims that international investors would turn their backs on the
UK’s technology companies after the Brexit vote”, says The Daily Telegraph.

Silicon Valley put £1.1bn into British technology firms in 2017,
according to law firm Pennington Manches, which compiled a report
on the investment using the Beahurst database of tech start-ups.
East Coast US firms invested a further £1.3bn, also a record.

American investors, who were behind one third of investment in
UK tech start-ups last year, cited the skills they found in the UK
as the biggest reason to put their money into the country.

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