UK-Brexit/Start-ups

Brexit uncertainty may trigger exodus of start-ups

  • English
  • Français
  • Español
  • Deutsch

Shotlist


London, UK - Recent (CGTN - No access Chinese mainland)
1. Various of Daniel Hardej, co-founder of Moving Beans, making coffee by putting his coffee capsule into machine, giving coffee to reporter
2. Coffee
3. Hardej talking to reporter
4. SOUNDBITE (English) Daniel Hardej, co-founder, Moving Beans (partially overlaid with shot 5/ending with shot 6):
"We're looking to places like Ireland or Germany as a place to headquarter the company, just so we can have that certainty and a bit more comfort and keep the business alive. It would mean that we don't have to pay these WTO tariffs which would be in place if we end up with no deal. It would mean shipping is cheaper and we are connected with a big customer base as well."
++SHOT OVERLAYING SOUNDBITE++
5. Reporter listening
++SHOT OVERLAYING SOUNDBITE++
6. City view
7. London Bridge
8. Skyscrapers
9. Colin Stanbridge, official from London Chamber of Commerce and Industry walking with reporter
10. SOUNDBITE (English) Colin Stanbridge, official, London Chamber of Commerce (starting with shot 9/partially overlaid with shot 11):
"We're seeing investors that would come in, may be in property or retail or tech sector just thinking well I'm not going to do that now, because who knows what the situation is going to be in a couple of months' time or even a couple of weeks time. So they're going to wait and see before they actually make that investment -- it could be in staff, it could be in equipment, it could be in research and development."
++SHOT OVERLAYING SOUNDBITE++
11. Reporter listening
++SHOT OVERLAYING SOUNDBITE++
12. Various of skyscrapers
13. Carlo Gualandri, Founder and CEO of Soldo, talking to reporter
14. Various of Gualandri showing reporter his app
15. SOUNDBITE (English) Carlo Gualandri, founder and CEO, Soldo (starting with shot 14/partially overlaid with shot 16):
"We've been working, planning and ultimately in the past year and half executing basically a complete duplication of all the activities we had already developed and built as a regulated entity in the UK. So we created a second base of operation in Ireland with the end result that first of all, everything has been a duplication and secondly all the growth that was originally planned to happen in London will now happen in Dublin."
++SHOT OVERLAYING SOUNDBITE++
16. Various of Gualandri talking to colleagues
++SHOT OVERLAYING SOUNDBITE++
17. Soldo office
18. Soldo's app
19. Gualandri walking out of office with bike

Storyline


Continued confusion over Brexit in the United Kingdom has frustrated many small and medium-sized start-up firms.

They once saw the UK as their European gateway and a stepping stone to international markets. But with big questions now around costs and regulations, some are packing up for less risky locations to set up base.

Moving Beans, a company that devised a zero-waste capsule to fit everyday coffee machines, is one of them. It worries that Brexit will grind down their margins because their products are made in continental Europe and imported to the UK.

"We're looking to places like Ireland or Germany as a place to headquarter the company, just so we can have that certainty and a bit more comfort and keep the business alive. It would mean that we don't have to pay these WTO tariffs which would be in place if we end up with no deal. It would mean shipping is cheaper and we are connected with a big customer base as well," said Daniel Hardej, co-founder of Moving Beans.

As a world financial center, with innovation-friendly regulatory regimes, London has been a magnet for many start-up firms.

But the London Chamber of Commerce says Brexit woes are spooking some investors.

"We're seeing investors that would come in, may be in property or retail or tech sector just thinking well I'm not going to do that now, because who knows what the situation is going to be in a couple of months' time or even a couple of weeks time. So they're going to wait and see before they actually make that investment -- it could be in staff, it could be in equipment, it could be in research and development," said Colin Stanbridge from the London Chamber of Commerce and Industry.

In short, business plans are being rewritten particularly for the financial and medical technology sectors.

A big concern for start-ups in industries like fintech and medtech is regulation. That is why some have applied for licenses and approvals elsewhere in the European Union to safeguard their European operations and ambitions.

Fintech firm Soldo -- whose mobile app helps businesses manage their expenses -- says keeping operations solely in London is too risky for growth.

"We've been working, planning and ultimately in the past year and half executing basically a complete duplication of all the activities we had already developed and built as a regulated entity in the UK. So we created a second base of operation in Ireland with the end result that first of all, everything has been a duplication and secondly all the growth that was originally planned to happen in London will now happen in Dublin," said Carlo Gualandri, founder and CEO of Soldo.

If there is one breed of business equipped to survive industry uncertainty and upheaval, it should be the nimble start-up.

But it might take a Brexit breakthrough to stop some entrepreneurs walking out the door.

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  • ID : 8108389
  • Published : 2019-04-15 13:12
  • Last Modified : 2019-04-18 11:36:19
  • Location : United Kingdom
  • Category : economy, business and finance
  • Duration : 2'26
  • Audio Language : English/Narration
  • Source : China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Version : 1
  • ID : 8108389
  • Published : 2019-04-15 14:54
  • Last Modified : 2019-04-18 11:36:19
  • Location : Royaume-Uni
  • Category : economy, business and finance
  • Duration : 2'26
  • Audio Language : Anglais/Narration
  • Source : China Global Television Network (CGTN)
  • Restrictions : Pas d’accès dans la partie continentale de Chine
  • Version : 1
  • ID : 8108389
  • Published : 2019-04-15 16:51
  • Last Modified : 2019-04-18 11:36:19
  • Location : Reino Unido
  • Category : economy, business and finance
  • Duration : 2'26
  • Audio Language : Inglés/Narración
  • Source : China Global Television Network (CGTN)
  • Restrictions : No acceso a la parte continental de China
  • Version : 1
  • ID : 8108389
  • Published : 2019-04-18 11:24
  • Last Modified : 2019-04-18 11:36:19
  • Category : economy, business and finance
  • Duration : 2'26
  • Audio Language : Englisch/Narration
  • Source : China Global Television Network (CGTN)
  • Restrictions : Für das chinesische Festland nicht verfügbar
  • Version : 1

UK-Brexit/Start-ups

Brexit uncertainty may trigger exodus of start-ups

Dateline : Recent

Location : United Kingdom

Duration : 2'26

  • English
  • Français
  • Español
  • Deutsch


London, UK - Recent (CGTN - No access Chinese mainland)
1. Various of Daniel Hardej, co-founder of Moving Beans, making coffee by putting his coffee capsule into machine, giving coffee to reporter
2. Coffee
3. Hardej talking to reporter
4. SOUNDBITE (English) Daniel Hardej, co-founder, Moving Beans (partially overlaid with shot 5/ending with shot 6):
"We're looking to places like Ireland or Germany as a place to headquarter the company, just so we can have that certainty and a bit more comfort and keep the business alive. It would mean that we don't have to pay these WTO tariffs which would be in place if we end up with no deal. It would mean shipping is cheaper and we are connected with a big customer base as well."
++SHOT OVERLAYING SOUNDBITE++
5. Reporter listening
++SHOT OVERLAYING SOUNDBITE++
6. City view
7. London Bridge
8. Skyscrapers
9. Colin Stanbridge, official from London Chamber of Commerce and Industry walking with reporter
10. SOUNDBITE (English) Colin Stanbridge, official, London Chamber of Commerce (starting with shot 9/partially overlaid with shot 11):
"We're seeing investors that would come in, may be in property or retail or tech sector just thinking well I'm not going to do that now, because who knows what the situation is going to be in a couple of months' time or even a couple of weeks time. So they're going to wait and see before they actually make that investment -- it could be in staff, it could be in equipment, it could be in research and development."
++SHOT OVERLAYING SOUNDBITE++
11. Reporter listening
++SHOT OVERLAYING SOUNDBITE++
12. Various of skyscrapers
13. Carlo Gualandri, Founder and CEO of Soldo, talking to reporter
14. Various of Gualandri showing reporter his app
15. SOUNDBITE (English) Carlo Gualandri, founder and CEO, Soldo (starting with shot 14/partially overlaid with shot 16):
"We've been working, planning and ultimately in the past year and half executing basically a complete duplication of all the activities we had already developed and built as a regulated entity in the UK. So we created a second base of operation in Ireland with the end result that first of all, everything has been a duplication and secondly all the growth that was originally planned to happen in London will now happen in Dublin."
++SHOT OVERLAYING SOUNDBITE++
16. Various of Gualandri talking to colleagues
++SHOT OVERLAYING SOUNDBITE++
17. Soldo office
18. Soldo's app
19. Gualandri walking out of office with bike


Continued confusion over Brexit in the United Kingdom has frustrated many small and medium-sized start-up firms.

They once saw the UK as their European gateway and a stepping stone to international markets. But with big questions now around costs and regulations, some are packing up for less risky locations to set up base.

Moving Beans, a company that devised a zero-waste capsule to fit everyday coffee machines, is one of them. It worries that Brexit will grind down their margins because their products are made in continental Europe and imported to the UK.

"We're looking to places like Ireland or Germany as a place to headquarter the company, just so we can have that certainty and a bit more comfort and keep the business alive. It would mean that we don't have to pay these WTO tariffs which would be in place if we end up with no deal. It would mean shipping is cheaper and we are connected with a big customer base as well," said Daniel Hardej, co-founder of Moving Beans.

As a world financial center, with innovation-friendly regulatory regimes, London has been a magnet for many start-up firms.

But the London Chamber of Commerce says Brexit woes are spooking some investors.

"We're seeing investors that would come in, may be in property or retail or tech sector just thinking well I'm not going to do that now, because who knows what the situation is going to be in a couple of months' time or even a couple of weeks time. So they're going to wait and see before they actually make that investment -- it could be in staff, it could be in equipment, it could be in research and development," said Colin Stanbridge from the London Chamber of Commerce and Industry.

In short, business plans are being rewritten particularly for the financial and medical technology sectors.

A big concern for start-ups in industries like fintech and medtech is regulation. That is why some have applied for licenses and approvals elsewhere in the European Union to safeguard their European operations and ambitions.

Fintech firm Soldo -- whose mobile app helps businesses manage their expenses -- says keeping operations solely in London is too risky for growth.

"We've been working, planning and ultimately in the past year and half executing basically a complete duplication of all the activities we had already developed and built as a regulated entity in the UK. So we created a second base of operation in Ireland with the end result that first of all, everything has been a duplication and secondly all the growth that was originally planned to happen in London will now happen in Dublin," said Carlo Gualandri, founder and CEO of Soldo.

If there is one breed of business equipped to survive industry uncertainty and upheaval, it should be the nimble start-up.

But it might take a Brexit breakthrough to stop some entrepreneurs walking out the door.

ID : 8108389

Published : 2019-04-15 13:12

Last Modified : 2019-04-18 11:36:19

Source : China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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