Investment into the U.K.'s tech sector grew to a record £10 billion ($13 billion) in 2019, as venture capital into U.S. and Chinese tech companies plummeted by 20% and 65% respectively.
The amount of money invested in British tech firms jumped by 44% , as funds flowed in from around the world last year, research from the U.K. Government’s Digital Economy Council found.
Twinned with falling venture capital investment in the U.S. and China, this research shows that many investors are turning away from the world's two largest tech markets, and instead looking to the U.K. for future growth. However, it is the politics between the U.S. and China that are really playing into Britain's hands, believes Klein. China nor the U.S is likely to sell strategic technology to one another and"so there is a massive trade arbitrage opportunity for the U.K. and European deep tech companies to sell both into the U.S. and China in the next 20 years."
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