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1137661

registered interest
date	09/07/2019
answering body	Department for International Trade
answering dept id	202
answering dept short name	International Trade
answering dept sort name	International Trade
hansard heading	Technology: Foreign Investment in UK
house id	1
legislature	25259 pref label House of Commons
question text	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.
tabling member constituency	Chichester
tabling member printed	Gillian Keegan
uin	911906
answer	answer is ministerial correction date of answer 11/07/2019 answer text <p>The latest Tech Nation report showed the UK attracts more VC tech investment than any other European nation, with £6.3 billion raised in 2018. The UK is both a leading global financial hub and an Artificial Intelligence (AI) hub, home to more AI start-ups than any other European country with over 1000 companies and 600 investors.</p><p> </p><p>Last month during London Tech Week, my department announced a further £1.2 billion of new foreign direct investment in the UK tech sector which will create more than 850 jobs.</p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 11/07/2019 11:37:42 answering member 1482 label Biography information for Graham Stuart
tabling member	4680 label Biography information for Gillian Keegan

1087114

registered interest
date	12/03/2019
answering body	Department for International Trade
answering dept id	202
answering dept short name	International Trade
answering dept sort name	International Trade
hansard heading	Foreign Investment in UK: Technology
house id	1
legislature	25259 pref label House of Commons
question text	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.
tabling member constituency	Haltemprice and Howden
tabling member printed	Mr David Davis
uin	231362
answer	answer is ministerial correction date of answer 21/03/2019 answer text <p>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</p><p> </p><p>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.</p><p> </p> answering member constituency Beverley and Holderness answering member printed Graham Stuart question first answered 21/03/2019 09:41:47 answering member 1482 label Biography information for Graham Stuart
tabling member	373 label Biography information for Sir David Davis