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Action required to stop EU tech sector lagging further behind, growth investor warns

At a recent startup and tech event Slush, Finland’s Prime Minister Sanna Marin spoke about how great Finland and the EU are at technology development, but in reality, the EU is miles behind the US and China, warns Head of European Equities at Scottish asset manager Baillie Gifford.
Baillie Gifford's Head of European Equities Stephen Paice (l.) and Investment specialist for European equities Thomas Hodges. | Photo: PR Baillie Gifford.
Baillie Gifford's Head of European Equities Stephen Paice (l.) and Investment specialist for European equities Thomas Hodges. | Photo: PR Baillie Gifford.
by REETA ILONA PAAKKINEN

Europe’s drives to grow its energy independence and increase the use of renewable energy are yielding notable investment opportunities in tech equities. However, a reality check on the current state of technology development in Europe is very much needed, says Stephen Paice, Head of European Equities at Scottish asset manager Baillie Gifford.

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