Tech Nation 2017 is here
Tech Nation 2017 shows that the UK digital tech sector is one of the country’s economic success stories, growing twice as fast as the wider economy and creating highly skilled workers and well-paid jobs. With 1000+ data points, 61 tech company case studies & 200+ community partners Tech Nation 2017 is our most comprehensive report to date.
TECH NATION REPORT 2017
- The UK’s digital tech industry turned over an estimated £170 billion in 2015, is growing at twice the rate of the wider economy and is key to boosting the UK’s wider economy, with a contribution of £97 billion in 2015.
- The digital tech industry generated a further 85,000 jobs over the past year from 1.56 million in 2014 to 1.64 million in 2015, creating jobs at double the rate of the rest of the economy.
- Similarly, since 2012 there has been a 13% increase in the advertised salaries of digital tech posts, compared with only a 4% rise in those of non-digital jobs.
- Tech investment in the UK reached £6.8bn in 2016, more than two times higher than any other European country and significantly more than its closest rival, France, which secured £2.4bn.
- Tech Nation 2017 shows that the average advertised salary for digital-tech jobs has now reached £50,663 a year, compared with £35,155 for the average non-digital salary, making it 44% higher than the national average.
Announcing the 26 Companies Joining the Future Fifty Programme in 2017
The New Companies
FinTech: Azimo, ClearScore, Ebury, Onfido, Receipt Bank
Data, Analytics & Cybersecurity: Blis, Track Global, Ve Interactive
eCommerce & Marketplace: Bloom & Wild, carwow, Festicket, Gousto, LoveCrafts, Swoon Editions, Tails.com, Thread, Threads
Digital Advertising & Marketing: UNiDAYS, SuperAwesome
Digital Entertainment: Spitfire Audio
Enterprise Software & Cloud Computing: Condeco
Hardware & Devices: Epos Now, ROLI
SaaS: Fairsail, Interact
History of the Programme
33 of the UK’s Most Promising Tech Companies Join Upscale 2017
Today we’re announcing 33 companies joining Upscale in 2017. The Upscale programme from Tech City UK will power some of the fastest growing UK tech companies on their scaling journey.
Upscale is Tech City UK’s six month programme to help the most promising early stage startups to begin their scaling journey, under the mentorship of some of the UK’s most successful tech entrepreneurs including: Riccardo Zacconi (KING.com/Candy Crush founder); Martha Lane Fox and Brent Hoberman (Lastminute.com founders); Lesley Eccles, (FanDuel founder); and David Buttress (Just Eat founder).
We believe the UK is the best place to start and grow a digital business.
Our mission is to accelerate the growth of London and the UK’s digital economy. We focus on areas like digital skills, smart capital investment, infrastructure, international development and leadership.
We started life in Shoreditch in 2010, launched by the UK Prime Minister David Cameron to support the East London tech cluster known as London Tech City or Silicon Roundabout. We have since grown our support to Greater London, Manchester and other major cities around the UK.
We do this in three ways:
Targeted programmes: that fill market gaps across the whole lifecycle of digital businesses from our Digital Business Academy to Future Fifty.
Engaging policing convening: providing an agile and responsive feedback loop to government to help shape the right policies via roundtables, surveys, white papers and reports such as Tech Nation.
Effective Promotion & Thought Leadership: championing and connecting the digital sector in London, the UK, and internationally via international trade missions, media engagement and events.
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