There was good news on the tech front for the UK this week. It is now officially the ‘digital tech capital of Europe’ according to Tech Nation’s third annual report.
The highlights of the report include:-
- In 2016, digital tech investment reached £6.8 billion in the UK, 50% higher than any other European country.
- UK digital tech turnover has reached nearly £100 billion, an increase of 10% in the past five years.
- There are 1.64 million digital tech jobs in the UK and the creation of new jobs in the sector outpaces non-digital.
- Productivity levels are also higher among digital tech workers. The GVA (gross value added) of a digital tech worker is double that of a non-tech employee.
The report encompasses talent, investment, skills and collaboration opportunities.
That’s positive news for now but a tech talent crisis is still a very real issue for UK businesses.