While many industries in the UK have the dark cloud that is Brexit looming over them, tech companies are basking in the light of success.
The UK is one of the most tech startup-friendly nations in the world, and it doesn’t seem like the tremulous economic environment has changed that.
According to Forbes, more tech firms are operating in the UK now than ever before.
This information is a bit surprising considering Companies House reported fewer new businesses launched in 2017 and 2018 than years before that.
The Forbes article further points out that the number of tech startups rose nearly 60 per cent in 2017, according to an analysis conducted by RSM International, an accounting and audit firm.
In other words, if you’re considering launching your startup in Europe, whether you’re local or abroad, an entrepreneur or an investor, the United Kingdom is the best European country for tech companies at this point.
Domestic and foreign holding companies find the UK an advantageous country to establish themselves for a few reasons:
One of the few tax breaks enjoyed by UK-based startups is the Seed Enterprise Investment Scheme (SEIS) which is designed to “incentivise potential.”
According to information provided by Metric Accountants:
“A company may issue shares for a cash investment of up to £150,000 under the SEIS scheme, which it may use for a wide range of business purposes, everything from research and development to the recruitment of more staff.”
For more in-depth information concerning assistance and programs offered by the United Kingdom to entrepreneurs and startups, feel free to visit the Department of International Trade.
In February 2019, the Best British Tech Startup Competition 2019, the world’s largest annual mobile industry gathering, will take place. Over 30 tech startups will be competing for a chance to win the following package:
What makes the Mobile World Congress such a promising event for new tech companies looking to make their mark?
Last year, over 100,000 people from the mobile tech industry showed up there.
Among them were 7,000 CEOs, 3,500 international media outlets and technology analysts, as well as hundreds of big-time investors looking to pour their money into the next big thing.
In addition to that huge event, on January the 14th, the UK government is hosting its “UK Aerospace Research and Technology Programme: Collaborative Feasibility Studies Round 1.”
According to the government’s website:
“UK organisations can apply for a share of up to £8 million to carry out collaborative R&D, collaborative fast-track and feasibility projects to enhance the UK’s position in civil aerospace.”
In order to qualify for this event, one must be:
The project closes on 27 February 2019.
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