One in three London tech firms say that talks with potential international employees have collapsed due to Brexit. And two-thirds of the city technology entrepreneurs believe the UK vote to exit the EU has already done serious damage to the reputation of London’s tech sector, according to a survey conducted by Tech London Advocates.
However, technology firms are looking to collaborate with Europe and other markets rather than turns their backs on the world.
“Slowing down access to European talent will make growing a tech company harder, but London is focused on strengthening its relationship with tech hubs across Europe and around the world that are already fuelling our investment pipeline,” says Russ Shaw, founder of Tech London Advocates.
Around 70% of EU nationals working as scientists, engineers and specialists are looking to leave the UK because of Brexit, up from just 11% earlier in 2017.