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UK tech sector beats both US and China to lead global growth in 2019

Posted On: 15 Jan 2020   |   Posted By: Tech City UK

UK tech sector beats both US and China to lead global growth in 2019

In what was another record-breaking year, investments in the UK tech sector soared to £10.1bn in 2019 - a £3.1bn increase on 2018's very strong figures and the highest level in UK history.
Our research prepared with Dealroom for the Digital Economy Council shows that between January and December, UK companies secured a third of the £30.4bn raised in Europe during 2019, with UK-based tech firms receiving more VC investment than Germany and France combined.
View the full report deck on Slideshare >
UK tech sector growth outstrips US and China
The number of rapidly growing UK tech companies soared as venture capital investment increased by 44% in 2019. Growth in VC investment exceeded 40% for the third year in a row. To put this growth into perspective, investments in France grew by a little over a third compared to 2018, while Israel's investments rose by a fifth.
View the full report deck on Slideshare >
Digital Secretary Nicky Morgan said: “These brilliant new numbers...

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