UK tech ecosystem reacts to the news of SVB UK acquisition by HSBC

UK tech founders, investors, and ecosystem leaders have been giving their reactions to the news that SVB UK will be rescued by HSBC.
In addition, many startup founders and investors pointed to the leg-work done by industry body Coadec, which is now raising funds for further work.
Andrew J Scott
Founding Partner
7pc VC
“It was vital that depositors in SVB UK, who were overwhelmingly UK tech startups, were protected, not just for the startup ecosystem but the whole of the UK. Many of these companies are developing technologies which represent the future of the UK economy. The future of literally

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