Tech Nation Best Practice

Tech Nation Best Practice

Following the global impact of Tech Nation 2015 and 2016, we’re delighted to introduce the first ever Tech Nation Best Practice report ‘Promoting Enterprise & Regeneration’ from Tech City UK, in partnership with Hackney Council.

 

 

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The report examines the role played by the creative tech community, local businesses and Hackney Council to drive significant inward investment and a change of perception of an area.

Hackney’s transformation has been both profound and rapid. In 2006, Hackney’s employment was 55.3%, by 2015, this had changed to 69%.

Economic output (GVA) in 2015 was £9.1bn, predicted economic output in 2031 is £14.4bn. The east London borough experienced a business growth rate of 40% between 2004 and 2012, 17% higher than the capital as a whole.

Today, the creative, technology and business services make up 37% of all employment in Hackney and 54% of its 11,000 businesses.

 

Set out in the report are Hackney Council’s Top 10 simple but effective recommendations for regeneration:

 

  1. Be clear about your mission and long-term ambitions
  2. Treat all businesses equally
  3. Handle all business enquiries efficiently
  4. Challenge developers where necessary
  5. An area’s branding is crucial to its economic success
  6. Develop your international reputation
  7. Help young people to access paid work experience
  8. Invest in coding skills
  9. Link local businesses with the wider community
  10. Support businesses through economic change

 

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Written from the point of view of the council, who undertook a rigorous strategic plan in order to improve the Hackney area, both economically and socially, the report includes insight into how the council built relationships with companies big and small, created a brand associated with the area and worked with students and local people to ensure their upskilling through apprenticeships, the development of ‘opportunity hubs’, employment programmes and coding clubs.

Other councils in the UK can benefit from this blueprint for success. Hackney’s transformation, and the role the digital community and council played in this, is clearly outlined in this report, which offers a step by step guide to engaging with your digital community.