UK Investors And Entrepreneurs Evenly Split On Brexit

By Guglielmo de Stefano on Monday 21 March 2016

Savings and Investment

An online poll of UK investors and entrepreneurs on Seedrs finds an even split between “in” and “out” voters on Brexit.


Seedrs has quizzed its community of investors and entrepreneurs on how they feel about the upcoming referendum on EU membership – which is to be held on Thursday 23 June. The results show that members of both categories are evenly split between leaving and remaining a member. While half of investors (51%) and entrepreneurs (48%) would vote to stay in the EU, 47% of investors and 43% of entrepreneurs are minded to leave. Nearly one in 10 entrepreneurs (9%) said that they had no preference either way, compared to just 2% of investors.


Jeff Lynn, CEO of Seedrs, offered comment:


“The very even split between the in and out vote shows what a complicated issue this is. It’s clear that this has become a debate lacking real information and that we are instead hearing soundbites from both sides. There is a need to present people with real information to help them make an informed decision in June.”


In a separate poll, Seedrs asked respondents their opinions on what impact Britain leaving the EU would have on the UK startup environment. Almost two thirds (63%) said it would have a negative effect, while 16% think such a move will be positive. More than one in five (21%) said they were unsure.


Along with the CEOs of a substantial number of UK tech companies, Jeff supports the “Britain Stronger in Europe” campaign – or in other words he believes that the UK fintech community would be better off if Britain remains in the (recently reformed) European Union. He explained:


“As a business Seedrs is in favour of Britain remaining in the European Union. We are a pan-European platform with London at our core, and we believe that we and our users stand to benefit from the open market that comes with Britain's continued EU membership; in contrast, leaving the EU creates a number of very real risks for the British business community.”


According to a study by the Confederation of British Industry – reported on Bloomberg today – leaving the European Union could cost the UK £100bn ($145bn) in lost economic output and 950,000 jobs by 2020 as well as a decrease in GDP of 5%. 

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