London’s tech businesses want to remain in the EU

71% of the capital's tech leaders think a Brexit would strain relationships with European customers and suppliers

London’s technology businesses have come out in support of Britain remaining within the EU in a new poll conducted Tech London Advocates.

The survey of more than 2,450 tech experts, business leaders and investors revealed that 87% believe EU membership strengthens the UK economy by making it a more attractive location for international firms to do business.

It comes after 197 prominent UK entrepreneurs signed an open letter to The Times backing the Stronger In Europe campaign.

71% of London business owners surveyed also said they believed a British exit from the EU (Brexit) would make it difficult create new business with customers on the continent and strain existing relationships with European suppliers – while 81% claimed that it would be harder to recruit EU employees.

The report also highlighted the lack of knowledge surrounding a Brexit, with one in 10 respondents admitting they were “not sure” about the exact consequences of leaving the union. Last month, a survey by the Federation of Small Businesses found that 42% of the UK’s small businesses could still be swayed on the EU vote.

Russ Shaw, founder of Tech London Advocates, commented: “Attracting international companies to the capital has been one of the great success stories of London’s digital economy. A Brexit could see global businesses locating in emerging digital hubs in Berlin, Paris and Stockholm rather than London.”

Find out what other small businesses think about the UK’s membership in our BREXIT: Should we stay or should we go? feature.


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