British startup founders must accept there is no “magic money tree” and stop expecting the government to solve all their problems, according to Alex Depledge, the departing entrepreneurship advisor to the UK Treasury.
Depledge, who served as an advisor, emphasized that startups need to be self-reliant rather than relying on government intervention. She pointed to the challenges facing the UK’s startup ecosystem, including access to funding and policy support.
Her comments come amid ongoing discussions about the role of government in supporting innovation and entrepreneurship. Despite initiatives like the British Business Bank and various grant programs, many founders continue to struggle with scaling and securing investment.
Depledge highlighted the importance of building sustainable businesses without depending on public funding. “Founders need to focus on generating revenue and creating value,” she said. Her departure from the government marks another shift in leadership as the UK looks to strengthen its position as a global tech hub.
Source: Sifted · Summarized by HeadlinesBriefing