The Tech Sector
The UK is a world-leader in technology development, widely considered Europe’s leading country for global technology investment – £3bn has been invested through venture capital investment into the UK’s technology sector. In addition, the UK has the highest number of initial public offerings (IPOs) and more tech ‘unicorns’ created than anywhere else in Europe.
The technology sector underpins all sectors from financial services and high-value manufacturing to retail and agriculture. As a result, many of these sectors have specific ‘Tech’ industries, including FinTech, BioTech, EdTech, AgriTech, and CleanTech.
The technology sector is often the most attractive destination in any economy, due to its transformative effects on society, high-wealth job creation and ability to revolutionise the world we live in. This is no different for grant funders, with multi-millions invested in stimulating the development of innovative technology solutions.