Foreign Companies
The question
To ask the Secretary of State for Business and Trade, how many UK technology startups and scale-ups were acquired by foreign companies in each of the last three years; and what the total value of those acquisitions was in each of the last three years.
Answered by Blair McDougall
The statistics requested are not readily available. The Department for Business and Trade is supporting the next generation of start-ups and scale-ups, aiming to create the UK’s first trillion-dollar technology business by 2035. The Industrial Strategy and Digital & Technology Subsector plan set out how we will achieve this. They set out a whole-of-government approach to the sector, reforming the business environment for digital and technology companies and addressing their needs for greater investment, skills, infrastructure, regulation and access to international markets.
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