The UK has one of the world’s largest technology ecosystems with thousands of tech start-ups, built around a strong entrepreneurial culture.
UK technology fuels our most successful sectors, including digital, healthcare, transport, creative, entertainment, financial services, cyber security, agriculture, and communications.
Many of the world’s best-known companies use technology innovations from the UK including artificial intelligence, Internet of things, data centres, and 5G communication.
There were 7 new unicorns in the UK in 2020, taking the total to 80; more than Germany and France combined.
UK tech VC investment is third in the world, hitting a record high of $15bn in 2020 beyond only the USA and China.
In the last decade, the AI sector has increased by 145%. London has been named the AI European capital, home to almost double the AI companies compared to other major European cities such as Berlin or Paris.
Talent for tech
‘The UK provides us with access to one of the main centres for machine learning in the world. Our success is driven by our people, and in Cambridge we are able to attract the best talent in the world from the best universities across the country.’ Matt Hudson, CEO Invenia Labs