The UK and Europe are leading the way for global agri-tech investments, having received nearly £81 billion from over 1,700 investors, according to a new report.
The report has highlighted that global investment in agri-tech is growing, almost doubling to £100 billion between January 2020 and January 2021.
Since 2000 – when worldwide investment stood at less than £1 billion – companies headquartered in the UK and mainland Europe have attracted over 43% of global investment in agri-tech. These 564 companies have received nearly £81 billion from over 1,700 investors.
The importance of agri-tech has been recognized by the UK government. At a recent conference in the US, Defra Secretary Thérèse Coffey said: “It is through science, innovation, and technology that our farming industry will continue to be sustainable.”
Looking at the UK’s ambitions, Innovate UK comes joint top globally for the number of agri-tech companies invested in, tying with Horizon 2020 and SVG Venture-THRIVE. It is also the number one investor in Europe, highlighting the UK’s impact on the sector.
The report on agri-tech investment was created by IP specialists GovGrant, to discover the global hotspots attracting capital to the sector.
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