UK tech entrepreneurs say EU membership is good for business

techUK's latest poll of 277 business leaders found 70% in favour of the UK remaining in the EU while 15% were "unsure"

The UK’s technology entrepreneurs want Britain to stay in the EU and believe EU membership is good for business; that’s according to a new survey by trade body techUK which published today.

The survey, which polled 277 UK tech business owners between February 23 and March 7 this year, found that the vast majority (70%) were anti-Brexit and 15% were pro-Brexit, while 15% said they were still undecided as to whether Britain should remain in the EU.

See more: Brexit – Should we stay or should we go?

Those 70% of business owners that said they would be voting to remain argued they would do so because EU membership makes the UK more attractive to investors, gives companies a better deal on trade relationships within the EU, and makes the UK more competitive on a global scale.

These same 70% of respondents argued that leaving the UK would create more risk and uncertainty for their business, and would give the UK less influence on the issues that impact their business..

On the other hand, the 15% of tech leaders voting to leave said this was because the UK does not have sufficient influence in the EU and pointed to the “regulatory burden” imposed by the EU.

In somewhat of a contradiction, the majority of tech entrepreneurs that said they would vote to leave the EU were in agreement that the EU was good for business and had supported trade and investment.

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techUK CEO, Julian David, said of the survey results:

“Most of these companies, large and small, have customers and or suppliers across the EU. They are saying they will still have to comply with EU rules, whatever the UK decides on 23 June. A British exit would mean the UK giving up control over how those rules are set. That could put UK businesses at a real disadvantage.”


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