Successive UK governments have made the case for more and better defence spending, encouraging British start-ups to invest in this fast-growing and rapidly changing sector.
Against this background, founders would be forgiven for expecting a permissive regulatory environment, but regulation lags politics, and many companies have run into compliance issues dating back to when defence spending was naïvely thought to be immoral.
Will Morris is the co-founder of Eyebrook Technologies, a British start-up focused on surveillance and counter-drone systems. Having already secured financing of £700,000 and the support of the government, the former British Army officer was confident of being able to open a bank account for his fledgling business.
