This year has seen several positive moves for UK start-up businesses wishing to set-up in the UK. With Brexit nearing, it is hoped that there will be further chances for new companies to eagerly embrace opportunities.
Here, we look at how developments which are currently emerging for UK start-ups:
UK start-ups in Tech are the fastest growing in Europe – In the recent article by Verdict.co.uk – https://www.verdict.co.uk/uk-tech-startup-scene-europe/ – It highlights, “Merchant service provider Paymentsense analysed the startup market in 30 European countries and ranked them on how many new tech businesses in tech were registered between 2103 and 2017”. “The research revealed that in the last five years, 392,627 new technology start-ups were launched in the UK. With 5.9% growth, the UK has enjoyed the largest start-up growth in Europe across all sectors.
Sectors in ‘technology, scientific & professional activities’ have all contributed to the successful increase in tech UK start-ups.
The Global Entrepreneurs Program – The UK Government’s Department of International Trade is opening its doors to new business and to date has relocated 340 business to the UK. This remarkable opportunity has created more than 1000 jobs and raised over £1billion in private investment for the firms. For UK start-ups to qualify, the entrepreneur must be based overseas or own a tech business. Find out more at: https://www.gov.uk/government/publications/entrepreneurs-setting-up-in-the-uk/entrepreneurs-setting-up-in-the-uk
UK Business, Post Brexit – Whilst it is still too early to for see the outcome of Brexit 2019, what is certain is that SME’s are seeing the move in a positive light. Quantitative research of OCO Consulting’s Global SME Brexit study, found that 33% of SME’s believed that Brexit will have a positive impact on their business and 32% have already seen positive improvements since the EU referendum. Those companies who already export are expecting to see an increase in growth following Brexit.
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