UK Startups Want To Stay In Europe

bar chart showing strong support for EU membership

Britain's startup entrepreneurs value our membership of the EU and will be voting 'Remain' in the refrendum, according to a survey published today.

The survey was conducted by Coadec, the Coalition for a Digital Economy, which was founded by tech entrepreneurs and  campaigns for government policies that support digital startups and help them contribute to the UK's economic growth.

The sample size was 175, including 126 startup founders and 19 investors. (We'd like to hear more from investors on this subject,if anyone's polling in that area.) 81 percent of respondents (138 people) said the UK should remain a member of the European Union.

We thought it was interesting that when asked about the Prime Minister's 'negotiations', 71 percent (121 people) said that Mr. Cameron's work to secure better terms for the United Kingdom had no effect on their voting intentions.

Maybe our relationship with Europe isn't broken, and doesn't need fixing. You can read more about the survey here.  

Steve O'Hear reported in Techcrunch:

As hard as I’ve tried, I’ve yet been able to find a single bona fide out-er, aside from a few undecided VCs.  Perhaps more interesting is the key issues mentioned by both camps in Coadec’s survey. Those who said the U.K. should remain cited access to a large single market, with harmonised regulations; free movement of labour, giving access to a talented workforce; having a ‘seat at the table’; and stability and security. The outers highlighted the issue of U.K. sovereignty, and over-regulation and red tape.

If the United Kingdom does vote to leave,  our economy and culture are going to enter a transition people while the result of the referendum is operationalised and passed into law. There's also the question of all the EU-funded R%D projects in which British businesses are participating.

We understand the concerns of people who say we should leave. but we ask ourselves (and you) - can we really expect Westminster to do such a good job of untangling the red tape that it will give us back more than we will lose?