TECH - UK Software Industry Leaders Urge Govt For More Support Cite 'Dreadful' European Track Record: Report | Benzinga
Leaders in the UK’s software industry are calling for increased government support, citing a “dreadful” track record of European software companies. The industry is seeking measures such as tax incentives and talent visas to bolster the sector.
What Happened: Over 120 industry leaders have joined forces to urge the UK government to provide more support for the software industry, Reuters reported citing a new policy document — published by industry body Boardwave.
The industry is seeking measures such as tax incentives and talent visas to improve the conditions for European software companies.
The call for government intervention comes at a time when Europe is struggling to scale up its homegrown tech companies, with many startups being forced to seek investment abroad as they expand.
The policy document highlights Europe’s poor track record of scaling software companies. The document points out that only one software-focused firm, Sage, is counted among Britain’s top 100 publicly-traded businesses, compared to dozens in the U.S.
Phill Robinson, the ...