As the UK gears up for a referendum on whether to stay in the EU or leave, digi me’s founder and chairman has joined over 200 leading entrepreneurs who believe we are stronger in because of the benefits of free trade to businesses of all sizes.
The newly-formed Entrepreneurs In, made up of successful start-ups from all sectors across the UK, believe that leaving would be catastrophic for business and stamp out innovation.
Published in the FT, the letter’s signatories include Martha Lane Fox CBE, Founder of Doteveryone and Co-Founder of Lucky Voice and lastminute.com, Alex Chesterman, Founder and CEO of Zoopla, James Daunt, Founder of Daunt Book, Alex Asseily, Founder of Jawbone, State and Chiaro, Lloyd Dorfman CBE, Founder of Travelex and Chairman of The Office Group and Doddle and Mattias Ljungman, Partner, Atomico and Founder of Skype.
The full letter reads: “We are the founders and CEOs of some of the UK’s most entrepreneurial businesses – from early stage start-ups to household names.
“Every day, as we build our companies, we see the benefits of being able to do business within Europe’s single market of 500 million consumers, with one set of regulations across 28 countries, and the ability to recruit the brightest people here and across Europe.
“Once the latest round of British-backed EU reforms have been completed, the European market for services, as well as digital products, will create even greater business opportunities for our firms.
“Of course the EU isn’t perfect; but rather than cutting ourselves off from the opportunities it offers, it is better to be on the inside helping shape the rules of this market, instead of just being subject to them.
“The economic shock of a vote to leave the EU would also be hugely damaging to our businesses. Leaving could lead to lost investment, missed opportunities and lost jobs.
“The UK is currently the best place in Europe to launch and grow a business; leaving the European Union will undoubtedly undermine the ability of Britain’s entrepreneurs to start-up, innovate, and grow.
“It is simply not worth the risk.”
The EU referendum takes place on June 23.