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post-brexit boost

UK tech firms received record investment of £1.3billion despite decline predicted by Remainers

The figure is four times higher than four years ago, while funding for tech firms is at a six-month high

BRITISH tech firms have attracted record investment this year — despite Remainer doom-mongers warning of a slowdown.

Venture capitalists pumped in £1.3billion in the first six months, four times the figure for the first half of 2013.

 The move has snubbed predictions that tech firms would suffer as a consequence of Brexit
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The move has snubbed predictions that tech firms would suffer as a consequence of BrexitCredit: Getty Images

Some £1.1billion has gone to firms in London, where investment since last June’s Brexit vote is at least double that for any other European city.

London has attracted a total of £1.8billion in 544 deals since then.

Funding for tech firms is also at a six-month high, it is claimed.

Among the big winners was virtual reality start-up Improbable which got £388million.

Laura Citron, of London & Partners, the city’s official promotion firm, said: “The Brexit vote has understandably created uncertainty but London remains Europe’s leading hub for global investors.”

 Laura Citron of London & Partners claimed the capital 'remains Europe’s leading hub for global investors'
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Laura Citron of London & Partners claimed the capital 'remains Europe’s leading hub for global investors'
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