RealFeedApp Eyebrook Technologies faces compliance issues at Barclays
British startups in surveillance and counter-drone sectors struggle to open bank accounts because banks apply ESG compliance policies that exclude defence companies. Founders like Will Morris from Eyebrook Technologies report that research suggested Barclays would be the right choice, but they face rejection due to ethical concerns regarding defence spending.
- Field
- business and funding
- What they did
- UK defence startups are being denied banking services because ESG rules do not account for the specific nature of military activities.
- Why it matters
- This creates problems for companies that have already secured government funding and support, as regulatory norms lag behind political backing for the sector.
#uk#defence#startups#banking#esg
