In The News

Budget Tech Roundup: Fintechs Salivate Over £100 Contactless Transactions


03 Mar 2021

Simon Arlington spoke to Verdict about Chancellor Rishi Sunak’s spending plans in the UK budget announcement, which included the launch of a new £375 million fund – the Future Fund Breakthrough – allocated to invest in sectors such as life sciences, quantum computing, and clean tech.

“[With] cash-rich foreign investors looking to capitalize on a devalued pound, government investment is unlikely to deter founders from selling their businesses to entities in the U.S. or Asia if the deal is right – even if Lord Hill’s recommendations of reform to the public listing process are implemented,” Simon said. “While it remains to be seen how active an investor the government will be, there is a lot it could do beyond direct investment to encourage the UK’s top innovators to remain in the UK.”

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