Since the Brexit vote, London has raised double the amount of money to fund digital companies, and the UK has been “reinforced” as a tech hub.
After Brexit however, Managing Director at DCSL Software, Nick Thompson, knew that business changes would have to be made in order to keep thriving in the post-referendum market.
Due to the prospective withdrawal of the United Kingdom from the European Union, this month DCSL Software opened a new office in Blackfriars, London.
Despite this, the company previously operated solely from its headquarters in Hampshire, with no services offshored and a recruitment model that benefited from helping skilled European developers settle in the UK.
Thompson commented: “We knew that we wanted to continue keeping all of our services in-house so for us, offshoring to fill the gaps Brexit was creating wasn’t an option.
“As the Brexit uncertainty started to change the way organisations did business and potential employees searched for roles, we decided that it was time for us to progress our expansion plans ahead of schedule to combat the challenges the market was experiencing.”
As part of the adjustments, the software company faced up to the fact that millennials and Generation Zs want to work close to the action, wanting to be in London to gain the benefit of the Silicon Roundabout and city vibe, for example.
Off-shore software development
There are clear signs of reinvigorated UK confidence in UK businesses, which has resulted in a very significant reduction in the use of off-shore software development services.
“Opening an additional office in London has proved to us to be a fundamental component of attracting top young UK tech talent into the business. And whilst the initial fear was a significant increase in labour costs, as well as overhead, the result was extraordinary: not only is their great talent in the UK but attracting local employees to the business also significantly improves stability. And a London office really isn’t as expensive as many would believe,” added Thompson.
A number of factors influence this change – including the exchange rate impact on the cost of EU based service provision. But the result is unarguable: UK software development is booming in a way that simply could not have been imagined two years ago.
Thomson also noted that he’s “really excited to be embarking on this new stage in the business journey at what is a great time for software development.”
Written by Leah Alger