It isn't. Funding in first half of 2021 was larger than the whole of 2020...and London in 2020 was already many multiples than Paris. Additionally, the UK has a

It isn't. Funding in first half of 2021 was larger than the whole of 2020...and London in 2020 was already many multiples than Paris. Additionally, the UK has a large startup scene outside London. Manchester was roughly equal to Amsterdam in 2020, it grew significantly in 2021 and is likely going to approach top-tier mainland cities soon. Edinburgh and Belfast are growing fast. It isn't even close (tbh, the UK isn't really competing with the EU anymore...the EU is just so far behind). Btw, the reason why people have moved out of Silicon Roundabout is the same reason banks moved out of Canary Wharf. Rents too high, office space not growing fast enough (Google moved into Holborn, outgrew that, moved to Victoria, outgrew that, and is now building a huge new office in King's Cross). VC funding is up something like 15x since the Roundabout was created, the growth was just too rapid for such a small area.