Economics
U.K. Technology Sector Investment Doubles Despite Brexit
- Government-backed report says London tech hub still thriving
- Says London is world’s second-most "connected" tech ecosystem
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London’s technology sector is continuing to thrive despite the looming prospect of exiting the European Union, according to a new report.
British tech companies raised 4.5 billion pounds ($6.1 billion) in 2017, almost double the amount raised the year before, according to the report from Tech Nation, an organization partly funded by the government to promote the U.K.’s digital economy. The country ranks behind only the U.S. and China for venture capital investment, the report said.