Over 80 percent of UK tech start-ups are confident about the coming year according to figures compiled by Studio Graphene.
The outfit’s second quarter 2019 Tech Tracker has revealed that confidence levels among UK tech startups is fractionally higher than three months ago with 80 percent of tech startups are ‘confident’ (41 percent) or ‘very confident’ (39 percent) about their growth prospects for the coming yeah. This figure was one percent higher than the first quarter,
Over the next year 73 percent of tech startups plan to hire more staff which is 18 percent lower than in Q1 2019 and just 59 percent intend to raise finance – down seven per.cent. The confidence of UK tech startups has remained consistence over the past quarter despite on-going Brexit uncertainty and the Conservative Party’s leadership contest, Studio Graphene’s latest Tech Tracker has revealed.
