 the uk tech sector despite pandemic and the brexit the uk tech sector despite pandemic and the brexit barsha lun 4102021 1709 the technology sector is at the heart of the uk economy helping to make cities more environmentally friendly and supporting the health financial manufacturing and transportation sectors given the challenging environment in 2020 including the social distancing brexit and repeated lockdowns the industry has demonstrated resilience by growing under exceptional circumstances according to the annual tech nation report it is revealed that 2020 is another year of significant development for the uk tech sector even amid difficult times the venture capital investment in the uk tech sector has received the third biggest amount in the world deep technologies such as quantum computing blockchain and ai are also seeing more investment as per data from the government s digital economy council and dealroom co money invested in the tech industry in the uk has increased from 12 billion to 113 billion from 2010 to 2020 with the majority of the rise occurring after 2015 when it reached 41 billion the uk drew record levels of investment in 2017 2019 and 2020 in the technology sector and amidst a 28 percent drop in venture capital funding in 2018 mostly due to the political uncertainties surrounding brexit uk technology companies ended up raising 249 billion in addition the quantity of unicorns businesses worth over 1 billion has surged tenfold from 8 to 81 from the year 2010 to the ending of 2020 zopa and atom bank moonbug wejo and vashi are the five potential unicorns with the greatest valuations since the beginning of 2021 ten more unicorns have already been born among these 32 unicorns were in the financial technology field 13 were in the health tech field 14 were in the business software space these three sectors have continuously garnered the most funding for the last decade and according to the data there are now 132 organizations that can become unicorns compared to only 10 in 2010 while london is home to a lot of such prospective unicorns 83 there are a couple of strong scaleups in oxfordshire 11 cambridgeshire 10 the north west in general 5 and scotland 4 the pandemic has altered the public s attitude toward technology about 66 of individuals said they have changed the way they utilize technology with the highest increases in communication working from home entertainment learning and socializing the record amount of investment did however overlapped with rapid growth in the number of newer technologies businesses being founded with uk business creation statistics from march 2021 displaying that a new tech firm was founded every 30 minutes in 2020 with a total of 19500 registering throughout the uk the technology sector is at the heart of the uk economy helping to make cities more environmentally friendly and supporting the health financial manufacturing and transportation sectors given the challenging environment in 2020 including the social distancing brexit and repeated lockdowns the industry has demonstrated resilience by growing under exceptional circumstances according to the annual tech nation report it is revealed that 2020 is another year of significant development for the uk tech sector even amid difficult times the venture capital investment in the uk tech sector has received the third biggest amount in the world deep technologies such as quantum computing blockchain and ai are also seeing more investment as per data from the government s digital economy council and dealroom co money invested in the tech industry in the uk has increased from 12 billion to 113 billion from 2010 to 2020 with the majority of the rise occurring after 2015 when it reached 41 billion the uk drew record levels of investment in 2017 2019 and 2020 in the technology sector and amidst a 28 percent drop in venture capital funding in 2018 mostly due to the political uncertainties surrounding brexit uk technology companies ended up raising 249 billion in addition the quantity of unicorns businesses worth over 1 billion has surged tenfold from 8 to 81 from the year 2010 to the ending of 2020 zopa and atom bank moonbug wejo and vashi are the five potential unicorns with the greatest valuations since the beginning of 2021 ten more unicorns have already been born among these 32 unicorns were in the financial technology field 13 were in the health tech field 14 were in the business software space these three sectors have continuously garnered the most funding for the last decade and according to the data there are now 132 organizations that can become unicorns compared to only 10 in 2010 while london is home to a lot of such prospective unicorns 83 there are a couple of strong scaleups in oxfordshire 11 cambridgeshire 10 the north west in general 5 and scotland 4 the pandemic has altered the public s attitude toward technology about 66 of individuals said they have changed the way they utilize technology with the highest increases in communication working from home entertainment learning and socializing the record amount of investment did however overlapped with rapid growth in the number of newer technologies businesses being founded with uk business creation statistics from march 2021 displaying that a new tech firm was founded every 30 minutes in 2020 with a total of 19500 registering throughout the uk  