UK Tech Founder to Relocate to US, Citing Tax Policy and Growth Constraints

A British AI software founder announced plans on January 25, 2026, to move his company to the United States, blaming recent UK tax increases and a perceived lack of support for scaling businesses. Rory Blundell, co-founder of Gravitee, said the hike in entrepreneurs' capital gains tax from 10% to 18% has undermined confidence and will prompt his relocation to Denver, Colorado. Gravitee, a software firm valued over $300 million with clients like BMW and Schneider Electric, specializes in deploying AI applications. Blundell stated that while the UK has strong engineering talent, founders feel they cannot fully benefit from their success domestically. His comments follow warnings from OpenAI that proposed UK copyright rules for AI training could also drive startups abroad.