Fuel Ventures calls for action to stop UK exodus following Deliveroo’s £2.9 billion sale

Fuel Ventures calls for action to stop UK exodus following Deliveroo’s £2.9 billion sale

Deliveroo’s Takeover: A Bit of Brit‑Slug, A Lot of Big‑U.S. Surprise

Hold onto your phones, UK tech fam: Deliveroo is now officially a DoorDash asset, thanks to an £18‑pence‑per‑share takedown that crowns a 44 % premium over the current market price.

Why 44 % is Still a Minor Chord

  • Back in 2021, Deliveroo floated at 390p – nearly double the deal price today.
  • The offer also translates to less than £2.9 bn overall (the headline‑grabber).*
  • But the real kicker? It’s a reminder that the UK is letting its brightest tech stars drift to the US instead of finding a “home” advantage here.

Keeping UK Tech on the Home Plate

To stop this brain‑drain, any serious action must come from policy, not just corporate talk. Think:

  • Capital Gains Tax overhaul that rewards risk, not penalises it.
  • Revitalise EMI and EIS for greener funding.
  • Re‑launch the London Stock Exchange with dual‑class share options and a better, lower‑barrier listing framework.
Beyond Taxes: One‑Stop‑Shop for UK Growth

A UK Sovereign Growth Fund could be a game‑changer, doing more than just fiscal relief by addressing talent pipelines. Here’s what it can tackle:

  • Global Founder Visas to keep startup stars in the country.
  • IR35 reform to ease contractor tax hassle.
  • Improved tech education to create the next generation of innovators.

But the main takeaway? Consistency matters. Swinging from one policy stance to the next, or leaving founders hovering in regulatory uncertainty, only whips them to better horizons.

Why this Matters for UK Entrepreneurs

When founders think the UK is just a “staging ground” for New York or NASDAQ, they’ll quit. If the UK starts offering the right reasons to stay (financial incentives, supportive tax regimes, a robust talent pipeline), it won’t just be a stepping stone – it’ll become the last stop on the journey.

— Stay tuned, stay grounded, and let’s make Britain a real powerhouse for tech.