Nearly 6,000 entrepreneurs quit UK in past two years, say wealth managers
Financial Times
February 21, 2026
AI-Generated Deep Dive Summary
Over the past two years, nearly 6,000 entrepreneurs have left the UK, with most working in the tech sector. According to wealth managers at Rathbones, the top destinations for these professionals are the UAE, Spain, and the United States. This trend highlights a significant shift in global talent movement, particularly within the tech industry, as entrepreneurs seek better opportunities abroad.
The exodus of tech entrepreneurs from the UK reflects broader trends in the global economy. Many are drawn to countries like the UAE, which offers favorable business environments, tax incentives, and access to emerging markets. Spain is another popular destination due to its improving startup ecosystem and quality of life. Meanwhile, the U.S. remains a magnet for tech talent because of its established innovation hubs and investment opportunities.
This movement has important implications for the UK's economy and its ability to retain skilled professionals. While the country continues to attract entrepreneurs, the loss of talent underscores challenges in maintaining a competitive edge globally. Factors such as regulatory environment, access to funding, and work-life balance are key considerations driving these decisions. For businesses and policymakers, understanding these dynamics is crucial for fostering innovation and economic growth.
Ultimately, this trend matters to readers interested in business because it highlights the interconnected nature of global talent markets. As entrepreneurs move across borders in search of opportunities, industries worldwide are shaped by their choices. This underscores the importance of creating conditions that not only retain but also attract top talent, ensuring sustained growth and innovation in an increasingly competitive global economy.
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Originally published on Financial Times on 2/21/2026