Among the 100 C-level personnel within early stage, UK-based technology companies that were surveyed, 79% say they either ‘very confident’ (39%) or ‘confident’ (40%) they will increase their turnover over the coming 12 months.
Looking to the year ahead, 91% of the tech firms quizzed said they plan to hire more staff, 67% intend to expand into new overseas territories, and 66% will seek investment.
This research is further supported by a survey from Velocity Global (VG) on UK technology firms (500 business of varying sizes), which discovered that some 90% are looking to expand their operations into new countries. Just under half (43%) of the companies surveyed operate in the UK only, but this is expected to fall to just 13% by the end of 2019.