The UK is emerging as one of the world’s most attractive destinations for technology businesses, outpacing rivals in the US, Europe and Asia-Pacific, according to new research from Barclays.
The bank’s latest Business Prosperity Index found that 62 per cent of UK tech leaders see their home market as a better place to grow and scale a business than mainland Europe, with 61 per cent preferring the UK to Asia-Pacific and 60 per cent favouring it over the US.
Executives cited strong domestic market opportunities, access to a diverse talent pool and faster consumer adoption of new technologies as key advantages for the UK compared to other global hubs.
The findings come amid surging demand for artificial intelligence. Barclays found that 95 per cent of firms reported rising client appetite for AI-powered products and services, with half of companies planning to boost AI investment by at least 20 per cent over the next year.
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