As Brexit affected the European distressed investing

UK in 2016 attracted more venture capital investment than the next four European countries in the ranking – France, Germany, the Netherlands and Denmark – together: the decision to withdraw from the European Union (Brexit) has not influenced British startups.

According to the annual study of Tech City UK last year venture capitalists invested 6.8 billion pounds (8.5 billion USD) to British high-tech companies is 2.5 times more than in France, and five times more than in Germany.

The UK share of the European venture capital market grew to 43% in 2016 from 32% a year earlier, although the total volume of such investment in the region fell by a third, to 15.8 billion pounds.

While London was 2.2 billion pounds, which is almost twice more than in Amsterdam, the next European capital in the list of Tech City.

French startups have raised a total of GBP 2.4 billion, including Paris – £ 1 billion; German and 1.4 billion pounds (Berlin – 600 million pounds), the Netherlands 1.3 billion pounds (almost the entire amount settled in the capital), the Danish 900 million pounds.

In the 2011-2016 years the infusion of venture capital to startups in the UK amounted to 28 billion pounds, or more than double than in France (11.4 billion pounds).

Germany during this period, attracted 9.3 billion pounds, the Netherlands – GBP 8.6 billion, Italy was 4.2 billion pounds.

Earlier this week, the British permanent representative to the EU Timothy barrow said that the Prime Minister Theresa may will launch a procedure of a British exit from the EU on 29 March.

The first step will be notifying the EU about the start of Brexit: London sent to Brussels a letter about the position of Britain and that London starts article 50 of the Lisbon Treaty to leave the EU.

Britain’s Queen Elizabeth II officially approved the law on Brexit March 16. Prior to that, the bill approved by both houses of Parliament unchanged.

The process of withdrawal of Britain from the EU, expected to last two years.