Tag: epartment for Digital

UK populated by tech unicorns

The Department for Digital, Culture, Media & Sport has declared 2021 the ‘best year ever’ for the UK tech sector, with significant growth in VC investment, IT jobs, unicorns and futurecorns.

Growth in the UK technology sector was fuelled by £29.4 billion of new investment, a 230 percent increase on the 2020 figure of £11.5 billion.

This is the biggest annual percentage increase in money raised by UK startups and scale-ups since 2013/14 when investment grew from £1.5 billion to £3.5 billion.