1 in 4 London tech companies fear survival with no-deal Brexit
One in four tech companies in London fear they may not survive the impact of a no-deal Brexit, a new survey by Tech London Advocates suggests. The results of the survey, which polled 238 tech leaders and investors in London, suggest most concerns lie around the availability of capital, particularly for early stage startups, as well as concerns around supply chains and hiring. TalentAccess to talent also ranked high as a concern, with 60% of tech leaders saying they fear losing skilled international employees when the UK leaves the EU. “And then we have some particular materials that we need to secure supply chains for. It’s critical to the electric vehicle movement — securing that supply chain is very important.”Issues with supply chains and the border could, however, also prove a huge opportunity for British tech.