Data Science Investment Counter —Funding raised by UK data science companies in 2018.
£ 5.640 Million

UK tech start-ups to see a decline in the number of overseas talents

UK tech start-ups are seeing a decrease in the number of overseas talents joining their founders, a new survey by VC firm Atomico revealed last week.

The survey was conducted on 5,000 tech workers and it showed that, while European start-ups outside the UK still managed to attract more overseas talent to their businesses, UK founders saw a decrease of people joining their companies.

Atomico research showing talent relocating

By the same token, UK venture-backed startups saw a noticeable rise in talent choosing to move abroad.


Despite these figures, however, Brexit impacts on the UK tech sector is still minor, according to the survey. London remains Europe’s biggest tech city in terms of capital raised and the number of startup deals, with Berlin and Paris still some way behind. Oxford and Cambridge also appear in Atomico’s top 20 list of hubs by capital raised and number of deals.

But if the current impact of Brexit on the UK tech sector is still negligible, Atomico’s survey showed that startup founders are feeling pretty pessimistic about the future.

Atomico chart 2018 UK optimism

Only three months are left before Brexit negotiations reach a turning point and the UK officially leaves the EU on 29 March 2019. Will these predictions prove correct or will the UK maintain its dominance over the EU tech scene?


Images via Atomico, The State of European Tech Survey


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