Tide turning on UK tech innovation?
Wednesday, January 20, 2010 by Anthony Plewes
After years of gnashing teeth about the brain drain of innovators out of the UK, it appears that the tide may be turning. A recent article in Reuters claims that international technology entrepreneurs are in fact choosing the UK, with London and Cambridge proving particularly popular. It quotes someone from the OECD saying that the “UK is now well placed in Europe on a number of indexes measuring factors like taxes, red tape, the dynamics of internal markets and how they are connected on the world stage, and the ability to access a qualified workforce.” The article also points to a review by the Legatum Institute, that places the UK 2nd in the world in “Entrepreneurship and Innovation”. Good news indeed, particularly with our esteemed bankers all threatening to take their expense accounts to Geneva.
