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British tech leaders express concern over the government's tax hikes, including an increase in capital gains tax and National Insurance contributions, fearing it could hinder the growth of the tech sector and the emergence of future giants like Nvidia. While the government aims to raise significant revenue, executives warn that these changes may lead to higher inflation, reduced hiring, and increased costs for businesses, particularly startups reliant on investor capital. Calls for government support to foster a sustainable entrepreneurial environment are growing amidst these fiscal challenges.
Mountside Ventures has launched Europe's first VC accelerator, the Emerging VC Manager Program, aimed at supporting emerging venture capital managers. This free, twelve-week program offers mentorship from industry experts and fundraising support, with events in major cities like Berlin, London, and Amsterdam to connect participants with potential investors. The initiative seeks to empower underrepresented managers and strengthen the European tech ecosystem. Applications are now open for VCs looking to establish their first to third fund with a defined strategy.
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higher taxes raise concerns for uk tech sector growth and investment
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12:20 14.10.2024
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