Recent research shows that 232 companies in the technology sector were backed with £1.01 billion from 248 investors during 2012.

The venture capital outlay is a significant rise from figures recorded in 2011 when 193 businesses were supported with £788 million from 228 backers.

Statistics from 2012 represent the largest recorded since 2008 when a similar amount was injected. Before that, bigger amounts are not found until 2001 numbers are examined.

The biggest investment of the year saw Tamar Energy backed by a large syndicate of investors including the Duchy of Cornwall. The £97 million awarded to the business is being used to develop its anaerobic digestion plants.

Other large deals saw Housetrip garner £37 million and takeaway aggregator Just-Eat pocket £40 million.

via UK tech venture capital deals reach new high as London dominates.

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