Investing in UK Technology
“Investment into UK technology start-ups reached a 10-year high in the first half of 2012, with nearly £600m put into early-stage businesses. This level of funding exceeds the last boom year, 2008, when some £550m was invested in tech companies in the first half – and is already three-quarters of the total funding committed last year – according to figures released Wednesday by Ascendant, the corporate finance advisory company.
Ascendant says the total for this year is likely to be between £900m and £1bn. “There is a lot of money going in to companies,” said Stuart McKnight, managing director of Ascendant. “We have not seen a boom year like this since 2008.” Much of the money is going to internet, mobile and digital media companies, as well as new cleantech businesses.”
Following on from my post about UK Competitiveness, excellent indicators from the technology sector on new investment. Let’s hope this translates into some world-class enterprises that grow, employ and stay rooted in the UK ecosystem.