A Quarter of UK Tech Founders Favor Foreign Sale, Survey Finds
- Tech industry concerned about skills, infrastructure: Barclays
- Sunak’s government seeking to retain more tech startups
This article is for subscribers only.
More than a quarter of UK technology businesses favor a sale of their company to overseas investors or selling shares abroad amid concerns about domestic infrastructure and skills shortages, according to a Barclays Plc survey.
Almost 16% of respondents said their preferred exit strategy would be to sell the company to a foreign buyer, while 10% said they’d opt to sell shares abroad, according to the study, published on Wednesday. Some 2,500 people in the tech industry were surveyed, of whom more than 12% were founders and 35% were executives.