Over two thirds of tech entrepreneurs need to raise investment

Hiring good talent is still the biggest obstacle for UK’s booming tech sector, with 80% still trying to hire the right staff, up 7% from last quarter, whilst access to capital is a close second with just over two thirds of tech entrepreneurs seeking to raise investment in the coming months.

The optimism seems to be high despite the ongoing Brexit uncertainty, but certainly those seeking investment can take heart from the UK tech investment figures released recently.

However, the turmoil surrounding Brexit has dented the confidence of some tech entrepreneurs, with nearly three quarters (73% down from 80%) saying that a no-deal Brexit would be bad for their businesses. Indeed, the majority of tech entrepreneurs (57%) favour cancelling Brexit altogether and remaining with the EU, with just over one in five (22%) in favour a second referendum and only 11% would like the UK to exit with a deal agreed.  Just 8% would prefer a no-deal Brexit.