Venture capital investment in UK CreaTech businesses reached record levels in 2020, a new Tech Nation report reveals. The research, commissioned by the Creative Industries Council in association with Moore Kingston Smith and Digital Catapult, shows that almost £1 billion was invested in businesses spanning the tech and creative sectors. Despite tough economic conditions in 2020, funding grew by 22% year-on-year. UK CreaTech attracted more VC funding in 2020 than any other European country. It’s now the third biggest destination for VC CreaTech investment worldwide, after the USA and China.
The main findings of Part 1 of this report reveal:
To view the full report, please click here.