Back in April, I talked about how UK tech could emerge stronger from the global economic downturn. Since then, one subsector in particular has led the tech industry’s recovery, attracting record investment and establishing itself as one of the most exciting areas for UK growth – climate tech.
Data from London & Partners released earlier this month found London ($3.5bn) to be the second largest region for climate tech investment, behind only Stockholm ($3.6bn). The historically world-leading Bay Area ($2.7bn) ranked third.
Across all areas of tech, London is well ahead of key European competitors for VC investment. The capital received more than double the total VC investment than second-placed Paris and nearly three times the amount of Berlin and Munich combined....