The British Venture Capital Association (BVCA), where Chancellor Rachel Reeves recently sought to rejuvenate a stagnant economy, presents an intriguing blend of elements.
It serves as a hub for venture capitalists essential in advancing innovative UK companies to their next phase.
However, the inability of the UK to nurture, sustain, and develop any high-tech or AI leaders, list them on the London stock market, and evolve them into industry giants akin to those in Silicon Valley highlights a shortcoming in private investment.
Numerous notable exits, facilitated by Whitehall and ineffective business secretaries, have occurred.
Among the most significant losses is Arm Holdings, but other notable departures include DeepMind (owned by Alphabet), Darktrace, Inmarsat, and several defense companies such as Ultra Electronics.
Credit to : UK Tribune