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July 19, 2016

London Tech Hotline to help tech companies with post-Brexit fears

News: Tech London Advocates and London & Partners launch new initiative to provide support to the tech industry.

By Ellie Burns

When it came to the Brexit vote, the UK capital voted overwhelmingly to stay in the EU. However, with the Leave vote here to stay, many London tech professionals have found themselves in a post-Brexit limbo full of uncertainty and questions about the future. Certain concerns relate to the one million Europeans living and working in London, with a third of the capital’s tech sector workers coming from overseas.

Aiming to help the capital’s tech professionals get to grips with life outside the EU, Tech London Advocates and London & Partners have launched a new initiative which will bring together a range of specialists to provide reassurance and advice on the implications of Brexit to the tech sector.

The service, dubbed the London tech Hotline, will include lawyers, accountants, start-up and scale up mentors and London & Partner's International Trade and Investment team.

Russ Shaw, founder of Tech London Advocates, said: “The depth of digital talent, the proven track record of our most successful tech businesses and a critical mass of investors in London will provide strong foundations for the future of the city’s tech companies. However, the Brexit vote has created uncertainty, which is why we have moved quickly and effectively to answer any questions from, and provide advice to members of the community.

“To those with doubts about London’s future as a tech capital, we have a hugely supportive private sector network ready to help the 200,000 people employed by technology companies and send a clear message to the rest of the world – London is open for business.”

Gordon Innes, CEO of London & Partners said: “London is – and will remain – home to the most creative and innovative people on the planet and our tech community is booming as a result. But we need to listen to the concerns of investors and entrepreneurs who are uncertain what Brexit means for them. We are fortunate to be able bring together some of the best business advisers in London who will can provide bespoke advice and reassurance that London is open.”

Tech professionals wanting to access the new service are advised to email londontechhotlione@londonandpartners.com, where the request will then be passed on to the best placed expert to respond.

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