London named world’s top tech hub as leaders descend on the capital

Jun 10, 2019 · cityam.com

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London has been named the top city in the world for foreign direct investment from overseas tech companies.

The capital attracted significantly more projects in 2018 than any other country, according to data from London & Partners.

It racked up 91 tech investment projects to the tune of £864m in the last 12 months, compared to Singapore’s 79, Paris’ 46 and New York’s 32.

The Department for International Trade will lead delegates from over 20 countries to London Tech Week today.

Square and Twitter chief Jack Dorsey will also announce his support for UK small businesses as part of the event, as companies fight for access to tech and information in order to grow.

International trade secretary Liam Fox told City A.M. the department will this week showcase UK innovation, and "drive investment into our world-leading industry".

The findings follow data earlier in the day from Tech Nation and Dealroom, which revealed London continues to extend its lead over Europe and Israel as home to over 70 billion-dollar tech startups.

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