Research published last week for the government’s Digital Economy Council showed that the UK Tech industry has, in just seven months, attracted $6.7B (£5.5B) in foreign investment. Reassuring to those who fear that Brexit may already impacting the sector, this is one and half times the average amount raised last year per month. The UK eco-system remains the clear favourite with US and Asian investors by a comfortable margin ($14.6B has been invested in UK tech start-ups since 2013 compared to $6.5B German start-ups and $2.5B in French start-ups).
On 22nd July, Insider London welcomed an executive delegation from Hangzhou (home to Alibaba) to the City of London. The group were looking to explore partnerships and investment opportunities in the UK, particularly in light of the current political climate with Brexit and trade tension between China & the USA.