A third of London’s Tech City business leaders say their company is hindered by a lack of capital, whether sourced from institutional or private investors. The finding is revealed in the most extensive survey of TechCity senior executives to date, carried out by GfK in conjunction with business advisers Grant Thornton UK LLP.
The Tech Futures Report found that nearly one third (29%) of respondents believe their company is missing significant business opportunities because they cannot secure funding in time. Worryingly, 19% said they had to make people redundant because they couldn’t secure the necessary funding.
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