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Thursday, 13 April 2017

UK technology firms turn to Silicon Valley to ward off Brexit blues

UK technology firms turn to Silicon Valley to ward off Brexit blues
- Theresa May’s article 50 letter might have dominated the front pages in Britain but it was met with a shrug in San Francisco, where 30 tech leaders from the north of England recently embarked on a four-day mission to woo, impress and tempt cash from Silicon Valley’s top dealmakers.
Anxiety over the future of Britain outside Europe has not, it seems, spread to the home of Facebook, Twitter and Google.
“Investors here just don’t know what Brexit means yet,” said Gerald Brady, managing director of the multibillion-dollar lender Silicon Valley Bank.
However, that is not stopping EU27 countries from making furtive attempts to lure British entrepreneurs overseas.