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Brexit has resulted in a sharp fall in how attractive the UK’s aspiring scaleups see the EU. Only 35% now rate it in the top three market opportunities, versus 74% prior to the referendum.

The ambition of our startup community to expand overseas has remained strong, with half planning to expand overseas in the next three years. But the EU referendum has had a significant impact on the perception of UK aspiring scaleups as to which markets provide the best growth opportunity.

Prior to the EU referendum, the EU was by far the most popular market with 74 per cent viewing it as the one of the most attractive markets for overseas growth. However Brexit has resulted in a sharp fall in its attractiveness, with just 35 per cent now rating it in the top three markets for growth opportunities. 

UK scaleup sentiment change on growth opportunities