Britain 'must lay out red carpet' to retain top tech firms trends now

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Britain must 'lay out the red carpet' for pioneering technology companies to ensure they stay in the UK and boost growth, a top venture capital investor has urged.

Suranga Chandratillake, a partner at tech investment firm Balderton Capital, says he fears that start-ups being bought up by foreign predators or listing overseas could see none left in British hands.

'That will be dangerous and a huge shame,' said Chandratillake, whose firm has invested in cyber security firm Darktrace, e-retailer THG and banking app group Revolut. 

'We have to create an environment where at least some of them stay here for ever.'