Sky's Ian King explains that the UK has established itself as the top European destination for tech investment.
The figures suggest that, since the beginning of the century, the UK has created 144 'unicorns' - start-ups that have gone on to achieve a valuation of more than $1bn - and 237 so-called 'futurecorns', companies which are valued at north of $250m and which are deemed to be on track to achieve unicorn status.
UK-based funds have raised £9.2bn this year - just ahead of the £9bn they raised in 2021 - with which to back fast-growing companies and start-ups. There are now eight cities - Bristol, Cambridge, Edinburgh, Leeds, London, Manchester, Nottingham and Oxford - which are home to two or more unicorns. The universities of Oxford, Bristol, Nottingham and London all featured in the top 20 globally alongside leading US establishments such as Harvard and the Massachusetts Institute of Technology .
Some of these, such as Code First Girls, are specifically aimed at increasing the number of women working in the tech sector.
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