Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of recent trends in venture capital investment and scale-up financing in the UK technology sector; and how those trends are informing policy to support fintech and AI innovation.

The UK has the third largest Venture Capital (VC) market in the world behind the US and China, and the largest in Europe. The latest edition of the British Business Bank (BBB) 2025 Equity Monitor found that the UK attracted £10.8 billion of VC investment in 2024, with £5.5 billion invested in the UK technology sector.

At the Budget in November 2025, we introduced measures to build on these strengths by expanding our enterprise tax reliefs to incentivise investment in scaling firms and support them to attract top talent, by targeting BBB investment towards scale-up companies, and by committing to public procurement reforms to make the UK government a better customer to innovative businesses.

HM Treasury will continue to monitor the implementation of Budget measures and analyse their impact on the UK technology sector, to inform future policy development.