The UK tech sector has shown both remarkable resilience and growth in 2020 in spite of unprecedented challenges across the COVID-19 pandemic and Brexit, says a new report.
Insights from the Tech Nation Report 2021 reveal a number of successes the UK can celebrate, including world-leading growth in deep-tech investment at 17%, while North America and Asia both experienced falling rates between 2019 and 2020.
The top 30 cities for tech investment in 2020 are heavily dominated by US cities, but comparing tech investment rank to current estimates of GDP shows that London (ranked 8th for GDP behind Paris, Seoul and Chicago) is disproportionately successful for tech investment relative to its economic size.
In terms of Oxfordshire, Oxford ranked number two of any UK city securing £436m-worth of investment during 2020.
