After a Landmark Post-Brexit Trade Deal, Asia Pacific Investors Prepared to Invest Millions in UK Tech

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Tech News Summary:

  • Asian Pacific (APAC) investors representing investment funds worth over £100bn are flocking to London to meet British tech companies seeking cash injections into innovative projects.
  • The UK’s technology sector is thriving after it signed a post-Brexit trade deal with CPTPP, a trading bloc in the Indo-Pacific with a GDP of £9tn and as a result, several APAC firms are relocating their headquarters to the UK.
  • The government has also announced new initiatives such as the UK-APAC Technology Growth Program to increase technology exports to Asia Pacific and strengthen trade relations between the two regions.

In a landmark post-Brexit trade deal, investors from the Asia Pacific region have expressed their readiness to flood UK’s tech industry with millions of dollars. The trade deal, which was announced recently, has paved the way for closer economic ties between the UK and Asia Pacific nations, including Japan, Singapore, Australia, and New Zealand.

As part of the deal, investors from these countries have pledged to invest a significant amount of capital in the UK’s tech industry, which has witnessed a surge in demand for digital services in the wake of the COVID-19 pandemic. With the UK looking to position itself as a global tech leader, these investments are expected to provide a significant boost to the country’s start-up ecosystem.

Speaking about the trade deal, UK Trade Secretary Elizabeth Truss said, “This landmark trade deal marks a major milestone in the UK’s post-Brexit economic strategy. By forging closer ties with the Asia Pacific region, we are creating new opportunities for businesses and investors to collaborate, innovate and grow. The pledges from investors in the tech industry are a clear indication of their confidence in the UK’s world-class digital infrastructure and talent.”

The announcement of the trade deal comes at a time when the UK is seeking to establish new economic relationships outside the European Union following its departure from the bloc. The government has identified the tech industry as a key growth area for the UK’s post-Brexit economy, and is investing heavily in infrastructure and research to support the industry’s development.

With the Asia Pacific region home to some of the world’s fastest-growing economies and most innovative tech companies, the trade deal is being seen as a major win for the UK. As investors from the region prepare to inject millions of dollars into the UK’s tech industry, the country is set to become an even more attractive destination for start-ups and entrepreneurs from around the world.

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