Research from Barclays Eagle Labs has shown that businesses in Yorkshire and Humber raised a record £200m of venture capital investment last year. Speaking on the figures, Bhatti, who is Parliamentary Under Secretary of State for Tech and the Digital Economy, said he was “delighted” to see the stats for the region. His comments come as the Department for Science, Innovation and Technology launches a new campaign aimed at driving up domestic investment opportunities in scale-ups.
The idea of that campaign is really to make sure venture capitals and investors are matching our ambition, and Yorkshire is a great example of that. “I’m a Midlands MP, so for me it's no surprise that there are such thriving clusters outside London that we should be incredibly proud of.” The figures from Barclays, however, also highlight a number of pitfalls for the UK tech landscape.