Brexit-hobbled Britain ‘still tech powerhouse of Europe’

New research shows that UK start-ups have won more funding than France and Germany combined over past year

London
(Image credit: Dan Kitwood/Getty Images)

UK-based tech firms have attracted capital funding worth a total of almost $50bn (£37.4bn) in the past five years, including $12.5bn in the past 12 months alone, newly published figures show.

The UK’s “impressive” tally since 2016 represents 36% of all European tech investment in the period, according to venture capital firm Atomico’s The State of European Tech report.

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Mike Starling is the former digital features editor at The Week. He started his career in 2001 in Gloucestershire as a sports reporter and sub-editor and has held various roles as a writer and editor at news, travel and B2B publications. He has spoken at a number of sports business conferences and also worked as a consultant creating sports travel content for tourism boards. International experience includes spells living and working in Dubai, UAE; Brisbane, Australia; and Beirut, Lebanon.