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Tech groups are Europe’s torch bearers but scaling up is difficult

There is widespread agreement on the need for action to cut red tape and raise investment to help boost the sector
Jussi Palola holds an electric car charging cable beside a black vehicle parked at a modern charging station.

The European tech industry is often said to have fallen behind its Chinese and American counterparts. However, it could be the key to boosting growth in the continent’s economies.

Of the 300 companies surveyed as part of the Financial Times report into Europe’s Long-term Growth Champions, tech businesses made up almost 20 per cent — the largest proportion of any sector.

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