UK tech firms raise record £26bn

teCH companies in britain have raised a record £26bn in funding this year – nearly double that in Germany and more than triple the amount in France.

In a further sign of post-brexit health, UK tech investment comprises 35pc of the £76bn ploughed into european projects this year. the benefits are being felt nationwide – with a third of the money going to companies outside the South east, according to figures for the UK’s Digital economy Council compiled by Dealroom and adzuna. a record 29 companies which achieved ‘unicorn’ status were created in 2021.the £26bn total investment is more than double last year’s £11.5bn.

More than a third of this cash came from the US. eileen burbidge, founder of investment group Passion Capital, said: ‘More and more ambitious entrepreneurs are launching start-ups in the UK.’ Nigel toon,

of bristol-based Graphcore, said: ‘there is no longer any debate on if you can build a multibillion dollar tech business in the UK.’