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Why businesses need to create and innovate post-Brexit

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After one of the financial capitals of the world London voted heavily in favour of remaining a member of the European Union, the remainder of Britain rebelled against the idea and voted in favour of a Brexit. 

A large portion of the businesses and banks backed the vote to remain, but ‘Project Fear’ overwhelmed the remainder of the population and the pound sterling is still reeling from the after-effects.

Additionally, the government continues to plough on in disarray, despite the appointment of Theresa May as the new Prime Minister since the vote. The Labour Party are still led by Jeremy Corbyn, in spite of a recent YouGov poll, which revealed that nearly 29% of Labour’s voters would rather have May in charge ahead of their leader.

Aside from the political landscape, Brexit has seen the battering of the financial markets in Britain, as we have seen the pound sterling plunging to a 31-year low against the dollar. However, Brexit is not the ultimate crisis that some media publications are portraying it as. 

Britain has now been presented with a fantastic opportunity to promote and deal from within. It is now more important than ever for businesses to network and create deals regionally and locally, in opposition to swapping trade in Europe.

Furthermore, London experienced the biggest crop of new start-up small companies, as there are 500 startups for every 1,000 residents this year. The United Kingdom is on track to break last year’s record figure for the amount of startups in the country. It remains clear that London’s entrepreneurs will continue to innovate, progress and develop in the face of the Brexit result.

Made in London CEO, Jason Pitt concluded: “Now more than ever, we need London businesses to come together in the face of our decision to leave the European Union. Businesses that innovate and create will thrive during a time of uncertainty which we ultimately all have to face. We hope to facilitate high-quality networking events which help reinforce to local companies that they are all stronger together in a post-Brexit Great Britain.”

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