Leading UK start-ups are accelerating plans to expand overseas as government cuts to research and development tax credits and more generous support elsewhere threaten the UK’s standing as a tech hub.
Half a dozen founders of early-stage British tech companies told the Financial Times that the cuts, alongside Brexit and a slowdown in venture capital funding, have led them to look at international opportunities more seriously, with other countries now becoming increasingly attractive places to do business.
Sylvera, a UK carbon credits start-up, is opening offices in the US and Asia-Pacific region this year, a decision the company said had been accelerated by recent UK policy.
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