The Tech Nation 2018 report told us that the sector is growing 2.6 times faster than the rest of the UK economy and that global connectivity is riper than ever.
There were also some stark realisations in the report. Diversity remains front-of-mind for tech businesses across the country for example, with women outnumbered 4:1.
GP Bullhound followed up with its Titans of Tech – European Tech Comes of Age report in July, shining a light on our flagship tech companies and how they are coping in the wake of Brexit (yes, there’s that word again). Did you know we are now home to 26 billion-dollar tech companies, which contribute a whopping total of $64bn to Europe’s ecosystem?
But it’s not all about big businesses. In 2017, the UK attracted $7.8bn of venture capital funding - that’s more than Germany, France and Sweden combined!
This investment is thanks to those businesses with great, innovative ideas, largely in the digital tech space. The ones making waves and changing life as we know it with emerging technologies, such as 3D printing and artificial intelligence.
If we want to see this growth continue and go even further in positioning the UK as a global tech leader, there are a few steps to bear in mind:
- Continue to nurture our start-ups and scale-ups*, and the entrepreneurs behind them.
- Build on the skills and talent pool, including encouraging women into tech careers.
- Promote our success – something we’re notoriously not great at as a nation!
If you’re a scale-up business doing great things and want to find out how to share your story and create a communications strategy to drive growth, download our Scale-Up Guide here.
*Scale-up – a company that has increased its turnover and/or employee numbers annually by more than 20 per cent over a three-year period.
