What is ‘Brexit’?
The United Kingdom of Great Britain and Northern Ireland is facing unprecedented times as the country awaits an in-out referendum on its membership of the European Union. The term ‘Brexit’ has been coined to describe the event since its inception in the Conservative government’s 2015 general election manifesto pledge. In the referendum, British citizens will be asked the question ‘Should the UK remain a member of the EU or leave?’ .
The benefits of remaining in the EU have been relayed many times by the remain campaign; although the exit campaign has been gaining momentum in recent months outlining how Brexit would benefit the country. The effects are completely unknown as world powers including influential member states of the EU such as France and Germany along with the United States of America are urging British citizens to vote remain citing many negative impacts for our country’s economy, political status and place in the world.
The CDSM stance
If CDSM could vote in the upcoming referendum, it would vote to remain in the EU. Wales as a constituent country of the UK is highly dependent upon European funding to drive economic stability and growth. The funding available to Welsh SMEs via a range of EU programmes is crucial to enable the creation of high value jobs and employ a skilled workforce throughout the region.
CDSM has been the beneficiary of these programmes through schemes like Go Wales, where we were able to recruit local graduates and provide them with an excellent opportunity to learn a profession in web technologies – one of the key emerging industries in Swansea Bay. Additional programmes have also enabled us to maintain technical hardware and to receive non-financial assistance through business support services.
It is still unclear what funding and programmes would be available if Brexit were to take place.
It’s your choice
For an employer in Wales, the choice in the upcoming referendum could not be simpler:
Leave, support Brexit and risk a generation of underfunding with increased economic disparity with southern England or remain, disregard Brexit and give our country the investment and opportunity it needs to continue to grow and fulfil its potential to compete on a global stage.
CDSM recommends voting to remain a part of the European Union.
Authored by Richard Hart, Account Manager, CDSM Interactive Solutions