Since Britain voted to leave the European Union in June 2016, it has been reported that the UK economy has received ever-greater levels of private investment into the capital. A record £2.99bn was invested in tech SMEs, while a record £46bn was invested into tech-focused funds in 2017 – a 600% increase on 2016.
EISA commissioned a national survey of more than 2000 respondents to uncover how Brexit negotiations are affecting the sentiment of investors towards SME investment in 2018.
Here are a few of the key takeaways from the report:
- 29% feel Brexit will strengthen SME productivity
- 28% feel knowledge intensive companies such as those in the energy-tech, medtech and fintech arenas will benefit as a result of Brexit
- Over a quarter of affluent investors feel more encouraged to invest in SMEs after Brexit
- 22% of 18-34 years old feel more encouraged to invest in UK SME opportunities as a result of Brexit, whilst 18% are encouraged but holding back until after Brexit
- 20% of respondents with investible assets of £75 – £100k+ want to invest but are holding back until after Brexit
Mark Brownridge, Director of EISA, adds that “Across all sectors, but especially among fintech, medtech or energy-tech spaces, there is a strong desire for growth and expansion. While the EISA will continue to work with government bodies, it will be entrepreneurs – the architects of a post-Brexit future – who will make a success of Brexit and propel the economy forward outside of the single market.”