Europe’s Tech Capital: Attracting Tech Investment | IPT
Chair: Chi Onwurah MP, Shadow Minister for Science, Research and Digital
Speaker: Neil Ross, Head of Policy, TechUK
Speaker: Jody Ford, Chief Executive Officer, Trainline
Breakfast Meeting

Date:

Tuesday 07 December 2021

Venue:

House of Commons

Start Time:

08:30

End Time:

09:30

The UK tech industry has expanded tenfold over the last ten years and there are now more than 90 British Unicorn companies. The rate that the technology sector contributes to the UK economy has increased by 7% every year since 2016, creating 1.6 million jobs and contributing £149bn to the economy. British companies are on course to raise record funding in 2021 with £13.5bn raised between January and June. British companies secured more funding than Germany, France and Israel combined. Figures compiled by the Digital Economy Council highlight the strength of British technology firms in sectors such as FinTech, food delivery, e-commerce, and digital health. The government has led a review of listing laws to make London a more attractive location for stock market debuts for tech firms. However, the UK still faces a shortfall of late-stage investment, concentration of investment in London causing a lack of regional diversity and lower research and development spending compared to peers. How can the UK consolidate its Europe-leading position for technology investment?

This event will:

  • Consider how to boost the UK’s position as a challenger to the US and China for technology investment.
  • Explore how technology investment could be utilised to enhance a regions ability to level up and grow international partnerships.
  • Examine how to attract world leading talent and investment to the UK.