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In a speech to be delivered on Monday, the Corporation's policy chairman Mark Boleat will say: “It is far better to have ‘entrepreneurs for Europe’ than ‘bankers for Brussels’ as a tagline.”
“Everything I hear from the tech industry supports Britain remaining in the EU. The industry needs to engage actively in the debate. Successful entrepreneurs in rapidly growing industries are among the voices that will be listened to.”
Boleat will speak in front of more than a thousand of the world’s top fintech players in London at the Innovate Finance Global Summit. A newly released poll by Innovate Finance, shared with City A.M., reveals that 82 per cent of fintech startups want Britain to stay in the EU.
According to figures from EY, Britain's fintech sector employs over 61,000 people, is valued at over £20bn and has generated over £6.6bn in revenue. It is also a magnet for inward investment, bringing £524m into the UK last year. Earlier this week, the dominance of London’s fintech scene was identified as one of main factors behind London retaining its position at the top of the Global Financial Centres Index.
The Corporation, which governs the Square Mile and supports the UK remaining in Europe, irked a number of its members earlier this year by voting to campaign for continued EU membership rather than remaining neutral.