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Inside Business

How is UK tech bucking the Brexit trend of slumping foreign direct investment?

New money may be flowing into the sector but there are still clouds on the horizon, says James Moore

Wednesday 21 August 2019 17:40 BST
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SoftBank has been an active investor in UK tech
SoftBank has been an active investor in UK tech

These fantastic figures show the confidence overseas investors have in UK tech, with investment flows from the US and Asia at an all-time high,” gushed Nicky Morgan, the secretary of state for culture, media and sport.

She was speaking in the wake of figures showing UK tech companies secured a record £5.5bn in foreign investment in the first seven months of this year. On a per capita basis, that was more than the US. Well she might crow. That’s indeed impressive.

But those figures require a bit of context because while tech might be attracting foreign cash, overseas investors have been turning their backs on the rest of UK plc.

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