Can The UK And London Maintain Its Lead?

Reference: Found here

In 2023, British startups raised $21.3 billion, their third-highest total on record, according to a report from Dealroom and HSBC Innovation Banking.

In the mid-2010s, the U.K., and London in particular, saw a boom of startups in financial technology, or fintech, given the city's importance to the global financial services market. Since then, major companies across different sectors have developed, spanning food delivery to cybersecurity.

The U.K. was also the birthplace of two, now foreign-owned, major tech firms: chip designer Arm and artificial intelligence firm DeepMind.

This startup ecosystem, along with its top-tier universities and international investors, enabled the U.K. to become a major tech hub.

The country is facing a slew of challenges, including the fallout from its EU exit, which formally took place in 2020, and very low numbers of tech stock market listings.

Meanwhile, other European countries are making a play to become the No. 1 tech destination, namely France.

In the latest episode of CNBC Tech's ⁘Beyond the Valley⁘ podcast — which you can listen to above — Tom Chitty and I discuss whether the U.K. can maintain its lead as Europe's top technology hub and the challenges it faces ahead.

If you have any thoughts on this or previous episodes, please email us at beyondthevalley@cnbc.com .