UK tech backs Brexit people's vote

UK tech backs Brexit people's vote

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More than 100 UK tech founders, execs and investors are asking the government to support a people’s vote on the terms of Brexit. The call comes from new technology sector association Tech for UK which is backing anti-Brexit campaign group Best for Britain.  

“The loss of access to European funds, the flight of talent which powers UK tech companies due to the uncertainty and scandal around immigration, the loss of access to the Digital Single Market, which was never consulted over – all of these factors are adversely affecting the UK Tech industry,” says said Mike Butcher, co-founder of TechHub, and co-organiser of Tech For UK. “It’s time the people had the chance for a meaningful vote, or through parliament, on the terms of Brexit.”

The European Investment Bank, which backs a majority of the UK’s VC funds, has already cut deals with UK VCs and private equity groups by more than two-thirds, with no equivalent funding from the UK government in sight, says Tech for UK.

“With more in the tech industry, and in the UK as a whole, considering themselves citizens of the world, we risk closing our doors and driving away a diverse set of people that help make us all better,” says Rob Elkin CTO of language learning community Busuu.

Image: Tech for UK

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