The idea of investing money can be extremely tempting. Not only is the concept of being able to read markets, understanding potential and predict success alluring, but being able to make significant financial gains on the back of shrewd decision-making can be life-changing.
With that in mind, acknowledging trends, and being aware of where best to invest one’s money is imperative. However, with the investment scene becoming increasingly competitive, it can be difficult to keep track of the industries and sectors that deserve your attention.
The UK tech scene
If there is one area that has made huge strides in the last 12 months, it’s the UK tech sector. In the 12 months ending December 2017, the sector managed to accrue a staggering £3bn in venture capital funding. This record investment sum is perhaps even more impressive given the widespread ambiguity regarding Brexit and its potential consequences.
In 2016, the UK tech sector saw investment in the region of £1.63bn, which at the time was deemed a successful year. However, the 2017 boom meant that UK tech firms attracted almost four times more funding than was seen in Germany, while investment was more than was garnered by French, Irish and Swedish tech companies combined.
According to official figures, around 80% of said tech funding went to companies based in London. The results led to London Mayor Sadiq Khan stating that he is committed to ensuring ‘London overtakes Silicon Valley as the world’s leading tech hub’.
The fintech growth
Fintech has been an overwhelmingly popular investment choice over the last 12 months or so. Organisations such as Monzo, Funding Circle and Transferwise managed to bolster the UK’s investment portfolio. A record £1.34bn was invested in such firms – almost as much as was invested in the total UK tech arena in 2016.
When it comes to finding the right investment choices for you, it makes sense to get guidance and assistance from people that understand developments, trends, and future growth. If you want to know more, get in touch with us today. Together, we can make your financial future brighter.