Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

UK attractiveness to foreign tech entrepreneurs remains high

by June 27, 2023
June 27, 2023
UK attractiveness to foreign tech entrepreneurs remains high

tech entrepreneurs

Although some have questioned the attractiveness of the UK, particularly London, as a destination for technology businesses, a poll conducted last week among foreign technology entrepreneurs and trade delegations by the law firm Kingsley Napley shows the UK’s appeal is still strong.

At an event held in association with Global Tech Connect, an overwhelming 95% of respondents said they rated the UK as an attractive location for tech ventures, with 41% describing it as “very attractive”.

Access to funding and investment opportunities stood out as the most popular factor contributing to the UK’s attractiveness.

Interestingly 36% of respondents said they believe the UK’s regulations are “more supportive” for businesses than other countries, with an additional 33% perceiving them as “equally supportive.”

While concerns exist about the UK’s appeal for entrepreneurs seeking an exit, a majority of respondents still view the UK as a great base to access potential investors from both domestic and international markets. However, some respondents expressed concerns that this could change.

Respondents also provided recommendations to enhance UK immigration policies to better support foreign entrepreneurs establishing businesses here. The change most wanted to see is a streamlining of the visa application process, although introducing an extended visa duration for entrepreneurs was also a popular idea.

David Davies, partner in the Corporate & Commercial team at Kingsley Napley, comments: “According to the survey, the narrative that tech entrepreneurs are falling out of love with the UK is somewhat exaggerated. We polled highly mobile tech entrepreneurs who confirmed the UK, especially London, remains attractive as a destination for establishing their business and that the access to funding available here continues to be the most powerful factor in their decision-making process. There is clearly no room for complacency, however, with visas and listing options being areas where our survey show improvements would be welcome.”

Ilda de Sousa, partner in the Immigration team at Kingsley Napley, comments: “We hear time and again that reform to our visa system would be helpful to support tech entrepreneurs and those polled indicated that simplifying the current complex system would be top of their wish-list. This is something the Government should consider to help London, in particular, maintain its position as a global tech hub.”

David Webster from Global Tech Connect says: “The UK offers many strengths and opportunities for foreign tech entrepreneurs looking to grow their business. Some look simply to have a sales presence here, whereas others set up their HQ here and have founders UK based. The majority still look favourably on the UK’s regulatory environment, but some are concerned. Without doubt the Government needs to ensure it continues to demonstrate its commitment to this sector and to value the contribution they bring to the UK economy.”

Read more:
UK attractiveness to foreign tech entrepreneurs remains high

0
FacebookTwitterGoogle +Pinterest
previous post
Prospect of insolvency for UK businesses set to fall for the coming year
next post
Supermarkets questioned by MP’s to explain explain high prices

You may also like

Are financial advisers in demand?

August 28, 2024

Luxury cars ‘not immune’ as Bentley sees sales...

January 19, 2024

Adam Neumann Makes £395m Bid to Regain Control...

March 26, 2024

Maximize Profit and Convenience: The Benefits of Renting...

August 23, 2024

UK failing to honour net zero farming pledges,...

April 28, 2023

Want to keep good ESG data? Foster its...

August 15, 2023

Britain’s high streets saw 35 shop closures a...

March 20, 2025

Bletchley park outcomes: AI biggest threat to humanity

November 2, 2023

Aspire to be a forever founder and the...

March 5, 2024

Innovate UK-funded biotech company accelerates cheaper drug and...

June 19, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rescissions: A Small but Welcome Step Toward Spending Discipline

      June 5, 2025
    • DAVID MARCUS: Why Navy ships should not be named for gay rights icons

      June 5, 2025
    • GREGG JARRETT: Biden, the ‘marionette president; and the case of the runaway autopen

      June 5, 2025
    • Trump Practically Bans Travel and Immigration from 12 Countries with Flimsy Security Justifications

      June 5, 2025
    • ‘He’s not a big factor’: Trump’s Senate allies dismiss Elon Musk’s calls to ‘kill the bill’

      June 5, 2025
    • Fears grow that Tata Steel could be excluded from Starmer-Trump trade deal

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,523)
    • Stocks (3,127)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved