The latest Tech Nation Report from Tech City UK reveals that the UK is the digital capital of Europe due to its booming tech industry.

The report contains in depth analysis of more than 2700 survey responses and interviews with tech founders, thousands of economic and business data points and more than 220 insights from community partners across the UK.

In 2016, UK digital tech investment reached £6.8 billion, 50 percent higher than any other European country.

The UK is Europe’s digital tech skills hub and home to eight of Europe’s top 20 universities.

Up 10 percent in only five years, UK digital tech turnover has reached almost £100 billion.

“It is critical that we future proof what we have achieved so far. The recently announced digital strategy from the UK government is already setting us on the right path. Tech is a critical juncture and as we head into the future we must reassure founders, investor, international talent and our home-grown digital workforce that the UK is and will remain the best place to start and scale world-class digital businesses,” said Eileen Burbridge and Gerard Grech, chair and CEO of Tech City UK, respectively.