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05 July 2017

UK tech firms received record investment of £1.3billion despite decline predicted by Remainers

BRITISH tech firms have attracted record investment this year — despite Remainer doom-mongers warning of a slowdown.

Venture capitalists pumped in £1.3billion in the first six months, four times the figure for the first half of 2013.

The move has snubbed predictions that tech firms would suffer as a consequence of Brexit
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The move has snubbed predictions that tech firms would suffer as a consequence of Brexit[/caption]

Some £1.1billion has gone to firms in London, where investment since last June’s Brexit vote is at least double that for any other European city.

London has attracted a total of £1.8billion in 544 deals since then.

Funding for tech firms is also at a six-month high, it is claimed.

Among the big winners was virtual reality start-up Improbable which got £388million.

Laura Citron, of London & Partners, the city’s official promotion firm, said: “The Brexit vote has understandably created uncertainty but London remains Europe’s leading hub for global investors.”

Laura Citron of London & Partners has welcomed the news
Laura Citron of London & Partners claimed the capital ‘remains Europe’s leading hub for global investors’


Theresa May wants to 'build a new, deep and special partnership' between the UK and the EU during Brexit
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