Projections and other forecasts made prior to the referendum, by Juniper Networks. Note I do not claim to own nor have made this presentation. This is shared for the academic purpose of sharing information, whereby to engage others in a dialogue on the topic; one that aids in a more comprehensive understanding of the technology sector in the United Kingdom. Brexit Tech HR

1. www.juniperresearch.com
BREXIT ~ THE TECH
INDUSTRY TAKE

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BREXIT ~ THE TECH INDUSTRY TAKE
1.1 Introduction
On Thursday 23rd
June, UK voters will participate in a
referendum to decide whether or not their country remains
a member of the EU (European Union).
Juniper Research has conducted a survey of employees in
the tech industry, both in the UK and overseas, to gauge
their respective attitudes to the potential impact of Brexit
(a British exit from the EU). Individuals were invited to
respond to a series of key questions, focusing on:
 Whether they believed Brexit would be positive, negative
or have no impact on the global tech industry, together
with the primary reasons for their decision;
 What they believe has been the primary issue in the
campaign;
 Whether Leave or Remain has run the best campaign.
The results of the survey are summarised below.
1.2 Overall Impact
Figure 1: What Effect Do You Believe Brexit Would Have on the Technology
Industry?
Source: Juniper Research
 A majority of both UK (65%) and non-UK respondents (73%) believed that Brexit would have
a negative impact on the tech industry.
 More than 1 in 3 British respondents believed that the outcome of Brexit would either be
positive or would have no impact on the global tech industry.
10%
5%
2%
7%
2%
9%
18%
18%
18%
26%
40%
41%
39%
35%
30%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
UK
Other EU Countries
Non-EU Countries
A significant positive effect A slightly positive effect No effect
A slightly negative effect A significant negative effect

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BREXIT ~ THE TECH INDUSTRY TAKE
 Britons are significantly more likely to believe Brexit will
have a positive impact than individuals from other
countries (16% vs 8%).
 There was comparatively little variation between the
perceptions of those at director level or above (67% of
whom believed that Brexit would have a negative
impact) and other employees (70%).
1.3 The Benefits & Problems of Brexit:
Red Tape & Trade
1.3.1 The Negative Impact of Brexit
 Amongst UK respondents who believe that Brexit would
have a negative impact on the tech industry, 72%
claimed that it would be harder for UK tech firms to
attract and employ individuals from EU countries. This
figure was markedly lower (56%) amongst non-UK
respondents.
 Meanwhile, nearly two-thirds of UK respondents who
believe Brexit would have a negative impact, claimed
the industry would suffer as a result of reduced funding
from the EU for the UK tech sector and that London
would be less attractive as a tech hub.
Figure 2: Why Do You Think the Tech Industry Would Be Negatively Affected as a
Result of Brexit?
Base: Those who believe Brexit will have a Slightly/Significant Negative Impact on the Tech Industry
Source: Juniper Research
9%
56%
54%
66%
66%
72%
66%
66%
2%
41%
59%
51%
61%
59%
63%
65%
16%
42%
65%
61%
61%
52%
61%
71%
0% 10% 20% 30% 40% 50% 60% 70% 80%
Other Reasons
Any fall in the value of the pound would make it
more expensive for UK tech firms to buy goods
and services from overseas
Less co-operation between UK and European
tech firms
Reduced funding from EU for UK tech sector
London would be less attractive as a tech hub
Harder for UK tech firms to attract and employ
individuals from EU countries
More difficult for UK tech firms to sell goods within
EU
UK would no longer be able to influence EU
policy-making in tech sector
Respondents from non-EU Countries Respondents from other EU Countries UK Respondents

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BREXIT ~ THE TECH INDUSTRY TAKE
 Amongst all respondents who believe that Brexit would
have a negative effect, the reason most often cited (by
67% of such respondents) was that the UK would no
longer be able to influence EU policy-making in the tech
sector. This view was endorsed by 72% of individuals at
director level and above who believe that Brexit would
have a negative effect, or 49% of all respondents who
are at director level and above overall.
1.3.2 The Positive Impact of Brexit
 Amongst those who consider that Brexit would have a
positive impact on the tech industry, 85% claimed that
any boost would be the result of a UK tech industry
which was no longer bound by slow and restrictive EU
red tape.
 These respondents are also more likely to consider the
cost of the EU to be the biggest issue in the referendum
debate.
 Only 18% of those who think that Brexit will not have an
impact on the technology industry believe that the UK
will achieve similar trade deals. However, nearly half
(46%) of those in favour of Brexit believe that new deals
with other countries will compensate for the loss of EU
trade conditions.
Figure 3: Why Do You Think the Tech Industry Would Be Positively Affected as a
Result of Brexit?
Base: Those who believe Brexit will have a Slightly/Significant Positive Impact on the Tech Industry
Source: Juniper Research
82%
65%
59%
65%
35%
35%
6%
75%
50%
25%
75%
75%
100%
40%
20%
20%
20%
40%
0% 20% 40% 60% 80% 100%
The UK tech industry would no longer be bound
by slow and restrictive EU red tape
The UK could create an attractive off-shore
business environment to develop the tech sector
There would be greater opportunities for UK tech
firms to sell goods outside the EU
UK immigration policy would be less restrictive for
non EU workers making it easier to recruit highly-
skilled workers from across the globe
Any fall in the value of the pound would boost
exports from the UK
The UK will ultimately achieve more favourable
trade terms with EU countries than those
currently in place
Other reasons
UK Respondents Respondents from other EU Countries Respondents from non-EU Countries

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BREXIT ~ THE TECH INDUSTRY TAKE
1.3.3 Brexit Will Have No Impact
 A consistent minority of respondents in the UK and
elsewhere (18% for both groups) felt that Brexit would
have no impact on the global tech industry.
 87% of those who felt that the tech sector would be
unaffected by Brexit cited the global nature of the tech
industry and how it is largely unaffected by political or
geographic boundaries.
Figure 4: Why Do You Think the Tech Industry Would Be Unaffected as a Result of
Brexit?
Base: Those who believe the Tech Industry will be unaffected by Brexit
Source: Juniper Research
16%
63%
89%
33%
25%
83%
13%
63%
88%
0% 20% 40% 60% 80% 100%
Other (please specify)
Any trade deals that affect the digital industry
would be broadly replicated after Brexit
Tech businesses invest in the UK for its skills,
innovation and an attractive business climate,
not because it is a member of the EU
The tech industry is global and are largely
unaffected by political or geographic boundaries
Respondents from non-EU Countries Respondents from other EU Countries UK Respondents

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BREXIT ~ THE TECH INDUSTRY TAKE
1.4 The Referendum: Key Issues &
Campaigning
1.4.1 Key Issues
 Respondents were invited to rank, in order of perceived
importance, 6 issues which have impacted on the
referendum debate.
 Amongst UK respondents, more than 1 in 3 believed
that immigration is the most important issue in the
referendum debate, compared to 1 in 5 from other
countries.
Figure 5: What Do You Think Is the Biggest Issue in the Referendum Debate?
Base: All Respondents
Source: Juniper Research
5%
6%
12%
13%
28%
38%
8%
10%
15%
21%
26%
20%
0% 5% 10% 15% 20% 25% 30% 35% 40%
Regulation
Crime
Cost of the EU
Sovereignty
Economy
Immigration to the UK
Proportion of non-UK respondents giving this as #1 issue in the EU referendum
Proportion of UK respondents giving this as #1 issue in the EU referendum

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BREXIT ~ THE TECH INDUSTRY TAKE
1.4.2 Campaign Success
 Among both UK and international respondents, a
significantly higher proportion felt that the Leave
campaign had run a better campaign than Remain (31%
versus 16%), although more than half (53%) were
undecided.
 However, when only UK respondents are considered,
the percentages believing Leave has run the better
campaign increase to 41%, with Remain rising to 21%.
 These respective increases are understandable, given
that UK respondents are likely to have been exposed to
greater media coverage from the respective campaigns
and therefore in a better position to have an opinion on
their relative effectiveness.
 Less than 20% of those who think Brexit would have a
negative impact think Remain has run the best
campaign, while 50% of those who think Brexit would
have a positive impact think Leave has campaigned
better.
a) As well as the conduct of the various sides in the
debate, this is potentially to do with the clarity of
the Leave message. Brexit focuses on a few key
issues (see figure 5 above), while the Remain
campaign’s case is more diffuse, with no single
focal point to draw attention.
Figure 6: Which Side in the UK Referendum Has Run the Best Campaign So Far?
Base: All Respondents
Source: Juniper Research
16%
31%
53%
Remain Leave Don't know

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BREXIT ~ THE TECH INDUSTRY TAKE
1.5 Appendix: Methodology
 The survey was conducted online by Juniper Research between 10th
and
16th
June 2016.
 Survey respondents are an unstratified random sample of
213 participants from Juniper Research’s internal database of
technology professionals.
 Respondents were from 41 different countries worldwide, including
109 respondents from the UK. Participants were not incentivised to take
part in the survey.
 Due to the large size of the technology industry worldwide, confidence
interval figures for these cannot be computed. Based on the overall size
of Juniper Research’s internal database, the results have a confidence
interval of 5.5% at the 90% confidence level.

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BREXIT ~ THE TECH INDUSTRY TAKE
First Published June 2016
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Windsor Holden & James Moar
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