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Home / Latest News / Brexit could lead to a ‘brain drain in reverse’

Brexit could lead to a ‘brain drain in reverse’

A leading UK recruiter of top flight technologists and engineers says there are post-Brexit opportunities for British companies from a “brain drain in reverse”.

Mike Gorshkov, managing director of Cardiff-based Linea Resourcing Ltd, says in the short-term “we may well be about to have a pool of talent re-enter the UK in specialist sectors like engineering, technology and automotive”.

Mr Gorshkov heads a recruitment team that specialises in tracking down senior staff at management to director level.

Linea Resourcing has been listed in Wales Hot 100 and was a Fast Growth 50 finalist from 2011 to 2014.

“Post Brexit, UK manufacturing will benefit from a weaker pound and lower corporation tax, which makes our exports more attractive and motivates global businesses to continue to locate in the UK,” Mr Gorshkov said.

“The cynical may regard this as a rather thin silver lining to an enormous black cloud. But, already, as recruiters of senior personnel we have seen domestic manufacturers hatching plans for growth, while several overseas owned manufacturers have shown nervousness and announced recruitment freezes.”

He added: “There has been much talk in the past about talent leaving the UK for greener pastures, particularly in Europe. Since the referendum result we have been contacted by a number of mid to senior level people in the automotive, engineering and manufacturing sectors concerned about their futures in the new Europe.

With EU legislation affecting the UK about to cease to exist, these highly-skilled workers are worried about their protected rights. Benefits they previously enjoyed could disappear in negotiations with Brussels. There are concerns about visa status, tax, pensions, schooling and healthcare. The upshot is that we may well have a pool of talent re-enter the UK in the specialist sectors, paradoxically in the belief that the UK offers safer waters post-Brexit than mainland Europe. These talented individuals may not want to return – but they may need to.”

Mr Gorshkov said such an influx would be a welcome addition in the short term to Britain’s strong but finite pool of specialist resident talent.

He added: “What happens in the longer term is another matter, but for now we must seize the day and seek new opportunities to navigate a path through the times to come and aim to emerge stronger as a nation.”

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