Almost 90 percent of members of the Tech London Advocates trade group have said that membership of the European Union (EU) is an asset for tech firms in the UK.
A survey of 320 of the 2,450 members of the organisation found that 87 percent believe that membership of the EU makes the UK more attractive to international businesses looking to set up a base in Europe.
Furthermore, 71 percent said that a ‘Brexit’ would undermine existing relationships and make it harder for UK companies to reach EU customers.
A further 81 percent said that leaving the EU would make it harder for skilled European workers to work in the UK.
Russ Shaw, founder of Tech London Advocates, said that those at the heart of London’s growing tech success are justifiably concerned that a move away from Europe would damage growth.
“There is significant concern in the digital community that a Brexit would undermine this position and threaten relationships with the European market,” he said.
“Attracting international companies to the capital has been one of the great success stories of London’s digital economy. A Brexit could see global businesses locating in emerging digital hubs in Berlin, Paris and Stockholm rather than London.”
Another concern was raised by Nick Thomson, chief revenue officer at London-based business storage and collaboration firm Workshare, who warned that the UK would lose its power on the international stage on key tech issues.
"As a large trading block the EU was able to secure the EU Data Protection regulation against US pressure. The UK may well have to compromise this level of data protection in the negotiation for its new trade concession from the US," he said.
"[This would lead] to less data security for people and businesses based in the UK, and make it vastly more complicated to share data with the rest of Europe - our main trading partners."
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