Latest Video Bytes update from Jonny Fry discusses Tech start-ups
• UK has announced that it will provided up to £250million to help SME which have raised at least £250,000 in the last five years.
• It has also announced a further £750 million for R&D in loans and grants being issued via UK Innovate.
• In France headline of €4 billion (mainly in the form of helping with firms with their payroll €2billion and start-ups can get tax returns more quickly with a focus on VAT and R&D claims €1.6billion)
The French are giving away up to €80 million to firms provided it is matched by other investors
In Germany €2billion to help small tech firms
70% of Googles revenue comes from advertising
93% of Facebooks revenue from advertising
The four biggest advertising agencies globally- WPP, Omnicom, Publicis and Interpublic average share price since Feb 2020 down 39%
Share price declines for Google -16% Facebook -19%
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