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Nothing much less than a war has actually burst out in between a prominent swathe of the UK technology startup area as well as the British government, after the last has actually apparently looked for to hand the curation as well as promo of British start-ups– both inside the UK as well as abroad– over to a solitary UK bank.

As we covered formerly, Tech Nation— a ‘QUANGO’ which has for years been billed with the job of being the UK’s government- backed ‘startup champion’– had actually been bidding for a proceeding ₤ 12 million agreement, beginning with March 2023. But this was produced to tender by the Department for Culture, Media as well as Sport as well as, resources affirm, the agreement was positioned to be approved to financial titan Barclays Bank for the single procedure of therole The step was branded “insane” as well as “mad” by some key U.K. market gamers Tech Grind talked to.

Now, an open letter, authorized by over 60 startup founders as well as various other key gamers, has actually been released by the

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