UK tech sector is now a £1 trillion economy

Quick Summary:

Overall, FinTech was 2024’s most funded sector, attracting $3.9bn in VC investment, retaking the top spot from ClimateTech in 2023.

The UK tech sector is now worth £1 trillion, according to the latest report from HSBC Innovation Banking UK and Dealroom.

Health and enterprise software both raised $3.3bn in VC investment in 2024, with the latter raising $1bn in Q4 alone, 65% more than in Q3.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United KingdomChinaFranceGermany

Topics: Increase 2023 Raised Rounds 2024 Startups Enterprise Innovation Sector Investment Value

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 06:00:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 25150154

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About BusinessCloud

Main Topics: InvestingBusiness

Official Website: businesscloud.co.uk

Update Frequency: 1 posts per day

Year Established: 2016

Headquarters: United Kingdom

News Last Updated: 21 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

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Publisher ID: #61

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