Investment in UK startups hit £663m in first month of lockdown, led by tech sector
British startups raised £663m investment in the first month after the country went into lockdown, with the tech sector seeing the most activity, according to new research released today by Plexal and Beauhurst.
The total value of investments has increased by 34% compared to the same period in 2019, but deal numbers were down by 39%.
However, nearly 263 small businesses are currently in administration and 707 are in liquidation. The week after lockdown was announced in the UK saw the lowest level of investment since w/c 28 March 2016.