European investment in UK tech at a record high

New figures released earlier this month show that European investment in UK tech firms reached a record high last year. The stats show that European funds invested £1.89bn into Britain’s tech sector last year, up from £1.66bn in 2017. Some 70% of the investment was in firms based in the so-called ‘Golden Triangle’ of London, Oxford and Cambridge. Overseas investment from other regions also rose, as the total number of funding deals involving overseas investors increased to 373 in 2018 from 361 in 2017.

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