Inbound investment into UK technology companies reached a ten year high last year, with 269 deals made.
That’s according to EY’s European Investment Monitor, UK TechReport, which also found that despite the total number of foreign direct investment (FDI) being the highest in a decade, the levels of growth were marginal – up only 0.4% – when compared to 2015.
As a result of this, the report adds, the UK’s market share decreased from 30% of all tech investments across Europe in 2015 to 27% last year.
At the same time, though, the total number of deals into European tech rose in 2016 by 9% – from 898 in 2015 to a 10 year high of 980.
London tech investment
London maintained its leading position as the city attracting the largest share of tech FDI in Europe....