While Silicon Valley stands alone, it could be fairly argued that the UK generally – and London specifically – represented an EU version of its more renowned US counterpart. The amount of tech firms – large and small – that had made the UK their home, thanks to access to skilled employees drawn to the country by its higher education sector and freedom of movement benefits, access to venture capital, and a favourable regulatory environment, is testament to the UK’s appeal.
This snapshot sheds some light on possible implications for the technology, media and telco sectors – particularly given that the UK was such an enthusiastic advocate for the European Commission’s Digital Single Market (DSM) programme.
Charles Palmer is Senior Managing Director and Global Head of the TMT industry practice of FTI Consulting’s Strategic Communication’s segment. Stephen Pearson is Senior Director at FTI Consulting in Brussels.