30 May 2018
Amidst worries about the post-Brexit ecomomy there's great news for the tech industry which is booming here in the UK with the sector now topping a worth of £184billion and continuing to grow rapidly. With employment rates in the sector high, and on the increase it seems that employers are feeling more confident to recruit. Looking at the stats, this is no wonder really - the digital tech sector here grew 2.6 times faster than the rest of the British economy in between 2016 and 2017.
New UK Tech Hubs
According to the Tech Nation Report 2018 numerous new tech hubs are beginning to spring up across the nation. The report is supported by information from the Open Data Institute, co-founded by Sir Tim Berners Lee, who first established the World Wide Web back in 1989. The research shows that not only is confidence on the up, but tech start-ups are breaking with tradition and looking further outside London to locate their businesses. London is known as the most connected tech hub outside of Silicon Valley and the capital remains a popular location for obvious reasons, and whilst it still tops the list for AI, new tech hubs are beginning to establish further afield.
North of the border both Edinburgh and Glasgow made the top ten list for up and coming tech hubs. The Scottish capital, Edinburgh features highly for specialists in the Internet of Things, while Glasgow is looking to be a top location for AI.
Above: Edinburgh billed to be a new tech hub for IoT specialists.
University cities Oxford and Cambridge also gained mentions which is no surprise with tech courses available in both areas and forward thinking education easily accessible. Oxford also indexes as the British hotspot for Virtual Reality start ups.
The Tech Nation report also highlighted areas across the UK that show a higher than average level of employment in tech. Locations such as Reading, Basingstoke, Slough, Stafford and Swindon feature with numerous tech opportunities in those areas.
Collaborate for Greater Growth
It's long been thought that tech businesses in close geographical proximity to one another allow greater opportunities for like minded people to collaborate. This in turn will lead to even greater growth. With a concentration of expertise in a particular territory the industry is bound to see a speedier expansion - more positive news for the sector in 2018 and looking forward.