UK tech continues to expand at faster rate than wider economy according to Tech Nation Report 2018

Tech Nation (formerly Tech City UK) have released their comprehensive annual report on the state of UK tech.

The report found some of the following headlines:

  • Tech is expanding 2.6 times faster than the rest of the UK economy
  • The Digital tech sector is worth nearly £184bn to UK economy, up from £170bn in 2016
  • The UK’s digital suburbs and tech towns are booming, with 16 towns showing a higher proportion of digital tech employment than the UK average
  • Diversity in digital tech has an improving trend: figures show more black, Asian and ethnic minority workers employed in tech than across the UK in general (15% v 10%)
  • 72% of UK digital tech workers are over 35, in line with the whole UK workforce
  • London ranks as second most connected place for tech on planet, after Silicon Valley
  • London beats Silicon Valley when it comes to proportion of overseas customers

The online report includes in-depth data visualisations for exploring the digital tech sector in all parts of the UK, as well as recommendations for tech businesses, policymakers and corporates for further accelerating the growth of UK tech.

The report worked with data partners including Beauhurst, PitchBook, Meetup, Github, Eventbrite, Startup Genome, Streetbees and the ONS to look at the UK digital tech sector’s international competitiveness, digital businesses, jobs and skills,and connectedness and collaboration, as well as community perceptions based on a 3,428 survey responses from the UK tech community.

To read the Worcester and Malvern cluster section of the Tech Nation report, read it here.

To join the conversation on Twitter, use the hashtag #WeAreTechNation

For more information on the findings on UK tech, visit the Tech Nation website here

Tech Nation 2018 Report