It is still not clear whether or not the United Kingdom will leave the European Union. Nor that the Kingdom will actually remain United… One thing is sure though: BREXIT’s victory has brought turbulence into the global tech scene. Near-shoring (to Portugal!) is more than ever a wise choice for British software companies.
BREXIT is causing a lot of anxiety to the European and world economy. With people, businesses and money threatening to leave the UK, likely impacts and losses are being weighed in multiple sectors and industries, IT included.
The IT landscape in the UK is expected to change as a result of the British voters’ decision to leave the EU. Until now, the UK has been a preferred choice for IT multinationals to base their European operations and a key tech hub for investors, start-ups and talent. In the near future, regulations, currency, capital and people may lead many to re-evaluate their activity in the UK.
Talent and money drain
The British IT industry is highly dependent on the talent of European workers with free access to the labour market up till now. Currency fluctuation and increased bureaucracy (e.g. need for visas) are likely to make the UK less attractive for specialized staff and hiring foreign workers time consuming and complex.
The UK has held a central position in global IT investment so far - not only major tech companies have operations in the UK, as there are hundreds of start-ups driven by Venture Capital and Government initiatives. Due to economic and regulatory uncertainty, multiple tech players will be forced to rethink how they’ll get or monetize investment. The loss off EU funding amounting to several million Euros, will also be an issue.
In face of such speculation and doubt, near-shoring to Portugal can bring some peace of mind to British software companies, providing straightforward expertise, agility and stability to their projects. Here is why:
In times of uncertainty, an effective and reliable option should not be overlooked…
Cleverti helps innovative companies to develop their software products by complementing internal crews when additional or specific tech expertise is needed. Cleverti’s technology services are fully tailored, cost-effective and scalable. Since 2010, Cleverti has been working alongside with companies from Belgium, Germany, Norway, Portugal, Sweden, Switzerland and the UK.
Best of breed software engineers, comprehensive technology stack and flexible business models allow cleverti to deliver prompt, sharp and adaptive responses to software development needs.