LONDON – Manchester is the fastest-growing European tech hub, when the rate of increase in venture capital funding is measured. Manchester saw investment jumping from 48 million pounds in 2018 to 181 million pounds in 2019, according to industry body Tech Nation.
Four other British cities ended up in the European top 20: London, Bristol, Oxford and Cambridge.
A record investment of 7.3 billion pounds was garnered by London marking a 67% increase from 2018, placing it ahead of Berlin, which generated 3.5 billion pounds while Paris recorded 2.4 billion pounds, Tech Nation said.
Tech Nation is driven towards helping technology companies grow through its programmes and promotional activity. Both publicly and privately funded, Tech Nation sees around 80% coming from the British government.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.