Question to the Department for International Trade:

To ask the Secretary of State for International Trade, what recent assessment he has made of trends in the level of foreign direct investment in the UK tech sector.

The latest release showed the UK’s tech sector attracted more venture capital investment than anywhere else in Europe, with £6.3bn ($7.9bn) in funding from investors in 2018. This is ahead of Germany, France and Israel. This is yet more evidence of the UK’s continued attractiveness to investors across the globe

The government continues to support the tech sector. Through the AI Sector Deal, launched last Spring, the government is actively supporting the development of talent, nationwide, to ensure this position is maintained and enhanced in the years to come. Investment in the AI business has exceeded £3.8 billion and continues to grow.