Berlin business development group reports more enquiries post Brexit | News | DW | 18.07.2016
  1. Inhalt
  2. Navigation
  3. Weitere Inhalte
  4. Metanavigation
  5. Suche
  6. Choose from 30 Languages

News

Berlin business development group reports more enquiries post Brexit

Berlin's business development group has reported interest from London start-up fintechs in the wake of the Brexit vote. The German capital is seeking to position itself as a location of choice for Europe.

Berlin Partner has launched a website in English giving information on how to start up a business in the capital and will take a roadbus to London in October to attract more companies.

"The most concrete enquiries are coming from London fintechs (financial technology firms). They are considering a move to Berlin so as not to lose access to the European single market," Berlin Partner Director Stefan Franzke told a news conference on Monday.

According to a report last year from accountants Ernst and Young, Berlin attracted almost 2 billion euros ($2.2 billion) in venture capital investment in start-ups in 2014. There are 100 financial technology firms or fintechs in the capital employing between 10-18 people.

Cornelia Yzer, Berlin's Senator for Economics, Technology and Research, has sent out letters to British companies and lobbied start-up founders on the benefits of Berlin.

Franzke said he also expected to receive enquiries from international start-ups that were originally interested in London but were now looking elsewhere in Europe. He said he saw Amsterdam as Berlin's major competitor.

jm/mm (Reuters)

DW recommends

Audios and videos on the topic

Advertisement