London Tech week 2017

1. @techcityuk
#TechNation
www.techcityuk.com/technation
Gerard Grech
CEO, Tech City UK
@gerardgrech

2. THANK
YOU TO
ALL
INVOLVED.
UK TECH CLUSTERS
30
DATA POINTS
1,000+
SURVEY RESPONSES
2,732
TECH CASE STUDIES
61
COMMUNITY PARTNERS
223
#TechNation

3. THANK YOU TO ALL COMMUNITY PARTNERS
#TechNation

4. THANK YOU TO ALL COMMUNITY PARTNERS
#TechNation

5. 5 PARTS TO
THE PRESENTATION
SIZE & GROWTH OF THE
UK’S DIGITAL ECONOMY1
DIGITAL JOBS
& SALARIES 2
REGIONAL
GROWTH3
GROWTH
DRIVERS 4
LONDON & ITS
INTERNATIONAL POSITION 5
#TechNation

6. CONFIRMS
THE GROWING
IMPORTANCE
OF DIGITAL TO THE
UK ECONOMY
74
76
81
88
97
Digital Tech Economic Contribution to UK (£bn)
2013
2012
2011
2015
2014
+30%
#TechNation

7. UK DIGITAL TECH IS GROWING
X2 THE RATE OF THE WIDER ECONOMY, ATTRACTING
INVESTMENT
139
150
157
161
170
UK Digital Tech turnover (£bn)
2013
2012
2011
2015
2014
UK Digital Tech Investment (£bn)
3.7
4.0
4.2
8.6
9.3
11.4
28.0 UK
France
Germany
Netherlands
Italy
Denmark
Ireland
2011-­
2016
#TechNation

8. UK DIGITAL TECH IS
GENERATING HIGH QUALITY,
HIGH PAYING JOBS
AVERAGE
ADVERTISED
SALARY IN
DIGITAL ROLES
+44%
MORE THAN THE
NON-­DIGITAL
AVERAGE
£50,66343%
Working
in
Non
digital
industries
(eg.
Developer
in the
health
services)
57%
Working in
digital
industries
1.64M
+85K2014-­15
#TechNation

9. THESE WELL-­PAID JOBS ARE
BEING CREATED ACROSS
THE NATION
Clusters with greatest Digital
Tech employment growth
(2011 – 2015)
46%
67%
61%
49%
93% London
Dundee
Redruth & Truro
Sunderland
Edinburgh
Top 10 average Digital salary
(2016) (£000s)
47k
47k
47k
48k
48k
50k
50k
53k
53k Reading
Edinburgh
Newcastle
Leeds
Glasgow
Oxford
Manchester
Bristol & Bath
Cambridge
Source: Burning Glass, Tech City UK, 2016

10. DIGITAL TECH ECONOMY IS
BOOSTING PRODUCTIVITY & GROWTH
ACROSS THE COUNTRY
60%
89%
93%
93%
% of the 30 clusters that experienced
growth in the last 5 years
Digital GVA
Digital tech jobs
Digital turnover
Productivity
#TechNation

11. GROWTH IN
DIGITAL TECH BUSINESSES AND
JOBS EVIDENT
ACROSS ALL REGIONS
Growth in number of Digital Tech
business and native jobs (2011-­2015)
22% 23%
40%
25%
21%
30%
26%
22%
19%
21%
23%
25%
5%
16%
30%
3%
9%
28%
11% 11% 11%
17%
12%
21%
East
Midlands
East
England
London
North
East
North West
Northern
Ireland
Scotland
South
East
South
West
Wales
West
Midlands
Yorkshire &
The Humber
Businesses Jobs
#TechNation

12. 32%
42%
51%
UK DIGITAL TECH IS
UPBEAT ABOUT THE
FUTURE. ARE OPTIMISTIC
ABOUT THEIR
GROWTH
PROSPECTS IN THEIR
AREA
75%
BASED ON SURVEY RESPONDENTS
Supply of highly
skilled workers
Opportunities to
access finance
Appropriate property on
competitive terms
IN 50% OF DIGITAL TECH
BUSINESSES MEN:WOMEN IS
3 TO 1
OPPORTUNITIES FOR GROWTH

13. KEY AREAS FOR OPPORTUNITTY
RAISED BY RESPONDENTS
HOME GROWN
TALENT
ATTRACTING THE
BRIGHTEST AND BEST
FINANCE AT EVERY
STAGE OF GROWTH
DIGITAL
CONNECTIVITY
GENDER
DIVERSITY
CO-­WORKING
SPACES #TechNation
@techcityuk

14. TECH NATION INVESTOR PRESENTATION 20171
4
/
London is the Digitalcapital of Europe
1 TECH
COMPANY
CREATED
60
mins300K+£13bn£56bn
DIGITAL TECH
JOBS
TECH
INVESTMENT
IN LAST 5 YEARS
2011-­2016
TURNOVER IN
2015
#TechNation
@gerardgrech

15. A MAGNET FOR INTERNATIONAL
INVESTMENT & TALENT
London Digital Tech
Investment
vs Other European Cities
(2016) (£bn)
2.2
1.15
1.07
0.84
0.76
0.69
0.6
0.25
0.1
London
Amsterdam
Paris
Copenhagen
Milan
Dublin
Berlin
Stockholm
Source: Pitch book, 2016
Madrid
Number of Github users:
London vs Other EU Cities
(2016) (000s)
23,265
11,990
10,145
4,850
4,759
4,461
4,178
3,479
3,309
2,644
2,475
2,398
2,274
London
Paris
Berlin
Madrid
Stockholm
Barcelona
Amsterdam
Munich
Source: Github, Tech City UK, 2016
Dublin
Warsaw
Oslo
Vienna
Copenhagen
Meetups in London vs Other
EU Cities (2016) (000s)
21,866
7,963
7,915
7,581
3,490
3,373
3,286
3,225
3,012
2,897
2,349
London
Amsterdam
Paris
Oslo
Zurich
Dublin
Berlin
Stockholm
Source: Meetup APL, 2016. Tech City UK, 2016
Madrid
Barcelona
Munich
#TechNation

16. £28Bn invested in last 5
years
3x more than nearest
European city in 2016
1.56M employed (+80K)
£170Bn turnover
@techcityuk
#TechNation

17. Tech Nation 2022:
Imagining the Future of UK Tech
Thursday 15th June, 18:00-­21:30
Second Home, 68-­80 Hanbury Street, London, E1 5JL
Join us as we explore how the UK's digital economy could look
in 2022, the lifetime of the next Government.
Our panel of experts will address questions such as:
Will drone deliveries become the norm?
Which sectors have the greatest growth potential and why?
How many driverless cars will be on the road by 2022, if
any?
@techcityuk
#TechNation

18. Thank you!
Read the report at
www.techcityuk.com/technation
@techcityuk
#TechNation
www.techcityuk.com/technation