Over the past seven days, the Conservative-led minority Government has released a series of policy papers outlining the UK’s proposed approach to Brexit negotiations. Now well over a year since the country voted to leave the European Union (EU), these policy papers have provided further clarity to UK business leaders and investors on the Government’s current position towards some of the key negotiating issues.
In the lead-up to the third round of Brexit negotiations this Autumn, the Government has stipulated through these policy papers that it would like to ensure goods placed on the market before Brexit can continue to be sold in the UK and EU without any additional requirements or restrictions. These measures have been cautiously welcomed by business groups, but some of the industry’s leading figures have called for accelerated talks on a transition agreement. This will provide companies with the reassurance they need to ensure they implement long-term growth strategies and commit to future investment.
Brushing off the initial fears of stagnant growth and declining entrepreneurial confidence, the UK has remained a global hub for innovation and growth since the EU referendum. London is the fintech capital of Europe and ranks behind only the US and China when it comes to venture capital investment into fintech. A leading figure of the UK’s fintech industry, IW Capital portfolio company WeSwap has experienced significant growth over the past six months. In light of this, we will soon be releasing a new infographic profiling the story of WeSwap, and a new report charting the rise of the fintech industry over the past decade.
Looking to the months ahead, it is important for the Government to provide as much clarity and direction as possible during the Brexit negotiations, so growing industries such as fintech are in a position to thrive. IW Capital will play its role by releasing topical market intelligence reports on the issues affecting UK investors and scaling businesses. To gain access to these reports, be sure to register as a member of Access 42.