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Amid the economic malaise that followed the 2008 financial crisis in the UK – record unemployment, sluggish growth, tight fiscal consolidation – a game-changing policy drive was beginning to take shape. This shift, driven by the Conservative-led coalition government at the time, was designed to transform the UK into “Incubator Britain” – attracting software and tech entrepreneurs with generous tax breaks, government-backed early-stage funding, and a thriving ecosystem, laying the foundations for the startup hub we recognise today. But while these initiatives succeeded in spurring startup growth, they did little to help those businesses scale. Despite having near-zero costs of…
