Confidence levels among UK tech startups have risen slightly over the past three months despite election disruption and the looming Brexit deadline, Studio Graphene’s latest Tech Tracker survey reveals.
Studio Graphene has published the results of its Q4 2019 Tech Tracker survey. More than 100 C-level personnel within UK tech startups were quizzed about their outlook for the year ahead, finding:
- 74 per cent of UK tech startups are confident their turnover will grow over the coming 12 months, up a per cent from three months ago.
- 77 percent intend to hire more staff in the next year – a fall of two percent
- 67 percent are planning to raise investment (up a percent)
- Hiring the right talent remains the biggest challenge facing tech startups – 73 percent cited this as an issue, which is up from 66 percent in Q3 2019 and 60 percent in Q1
- 69 percent are worried Brexit will make it harder for them to hire the tech talent they need to grow.