Opinion: Scaling UK tech is a geopolitical imperative

Quick Summary:

Amid the economic malaise that followed the 2008 financial crisis in the UK – record unemployment, sluggish growth, tight fiscal consolidation – a game-changing policy drive was beginning to take shape.  This shift, driven by the Conservative-led coalition government at the time, was designed to transform the UK into "Incubator Britain” – attracting software and tech entrepreneurs with generous tax breaks, government-backed early-stage funding, and a thriving ecosystem, laying the foundations for the startup hub we recognise today.

But while these initiatives succeeded in spurring startup growth, they did little to help those businesses scale.

Without meaningful action to address these barriers, the UK risks losing our most promising tech firms to foreign markets, taking high-value jobs, innovation, and intellectual property with them — a trend that has cost the UK billions already.

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Article Details

Author / Journalist: Kath Easthope

Category: Technology

Markets: NetherlandsBrazilCubaEstoniaSweden

Topics: Government and policy Ecosystems Next Featured Investors and funding Startups and technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 07:00:57 (1 days ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 1414 words

Reading Time: 8 minutes read

Sentences: 57 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 28328652

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About The Next Web

Main Topics: Technology

Official Website: thenextweb.com

Year Established: 2006

Headquarters: Netherlands

News Last Updated: 2 days ago

Coverage Areas: Netherlands

Ownership: Independent Company

Publication Timezone: GMT +1:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #13

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