Brexit has resulted in a period of “unprecedented change” in London but everyone should keep the faith in the capital’s strengths, according to Level39.

The tech accelerator in Canary Wharf was reacting to concerns that had been raised about the capital’s status as a leading centre for fintech following the UK’s decision to exit the EU on Thursday, June 23.

This is because many firms rely on rolling out product across Europe, rely on developers from the EU and investment opportunities.

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A spokesperson for Level39 said: “We are now entering a period of unprecedented change following the UK’s decision to exit the European Union.

“During this transition, it is important to retain faith in London’s strengths as a great place to do business and status as a leading global tech hub, thanks to a favourable regulatory environment, access to capital and highly skilled workforce.

“Moreover, it is a place where people want to live, thanks to a strong cultural and lifestyle offer.”

Level39 currently occupies three floors in One Canada Square occupied by 213 member companies and 756 employees.

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Its spokesperson said that there would still be opportunities for businesses to adapt and thrive.

“We have an important role to play in continuing to support them with developing stronger international relationships, engaging with regulators and government departments and addressing new opportunities arising from the changes.

“Operating in a highly-connected world, the tech sector works across borders and UK startups will undoubtedly remain an internationally-renowned source of entrepreneurialism and creativity.”

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