London's not calling for Par Equity, as VC firm targets £100M at UK startups in the north

Any conversation centered on the U.K. tech scene often has a strong center of gravity around the south of the country -- to many, "the U.K." and "London" may as well be the same thing. A recent House of Commons Committee report on venture capital allocation pointed to "uneven levels of VC investment" across the U.K., with the so-called "golden triangle" of London, Oxford and Cambridge attracting some 80 percent of the country's total investment. The lion's share -- around 70 percent of the total -- is poured into the Greater London region, as per Dealroom data.

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