[tobinharris]

You're right about the downturn, it's impossible to run a team for long without a full order book. That said, I think you'd have this problem for an offshore team too, perhaps with a much longer "sat on hands" cash runway.

I have a friend who's set up an offshore team and he saves 70% on developer salaries from what I can infer.

We employ within Europe and the UK, our average dev salary is around $65,000.

[anyfactor]

I forgot you are based in UK.

I don't think you are saving much by hiring outside of Europe or even UK. Many people had their fair share of trouble with Ukraine. Even a qualified latam dev's full time salary averages out at USD 30-40/hour.

Being in UK is perfect for an agency.