"As the pace of innovation and development accelerates, we increasingly see the benefits that would come from having teams all located together in one physical location," Wright explained.
"Why would anyone start a company in the UK? The hit delivered by Labour to business, and the destruction of British family-owned businesses especially, is an egregious act of self-harm," Dyson said in a letter.
Despite investing significantly in refurbishing the Bristol site, Dyson confirmed that 1 Georges Square will now be put on the market for lease.
This latest development follows Dyson's global review, which last year triggered an announcement to cut up to a third of its UK workforce.
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