London’s Tech City expands outside of capital

Tech City has grown beyond London on account of an increase in digital technology businesses across the UK

London

An increase in technology businesses across the UK has meant that London's TechCityUK has expanded well beyond the capital in recent years.

According to the first Tech Nation report, 74 per cent of digital technology companies now reside outside of London.

There are now more than 47,000 digital tech businesses across the UK, the report reveals, with 15 per cent of companies set up since the economic recession focused on digital technology.

In the foreword from Gerard Grech, CEO of TechCityUK, said: "The UK's digital economy is thriving. Venture capital investment in London's tech companies alone is 20 times what it was five years ago. Cities as diverse as Cardiff and Newcastle now boast growing digital tech economies.

"Now is the right time to shine the spotlight on this exciting network of digital clusters, and map out the prospects for professionals and investors."

The expansion of the industry to cities across the UK has challenged the concept of London's TechCityUK started in 2010 to support companies in and around East London which assumed the bulk of technology companies are based in the capital.

The remit of these efforts has now expanded to include the rest of the nation, which continues to thrive.

"Through Tech City UK, this Government has supported digital entrepreneurs in London, creating one of the capital's great success stories," said Prime Minister David Cameron.

"We also committed to supporting the growth of our digital industry nationwide and Tech Nation shows the great innovation and thriving entrepreneurial spirit that is driving the sector forward across the country."

Featured Resources

Security analytics for your multi-cloud deployments

IBM Security QRadar SIEM solution brief

Download now

Five reasons to move to the cloud

Join the enterprises moving their workloads to the cloud

Download now

Architecting hybrid IT and edge for digital advantage

Why business leaders should consider a hybrid IT strategy

Download now

Six reasons to accelerate remote asset monitoring with AI

How to optimise resources, increase productivity, and grow profit margins with AI

Download now

Recommended

IT Pro Live: Balancing the theory of innovation with business reality
Business strategy

IT Pro Live: Balancing the theory of innovation with business reality

1 Sep 2020
IT Pro Live: Remote Innovation
flexible working

IT Pro Live: Remote Innovation

1 Sep 2020
What is Tiny AI?
artificial intelligence (AI)

What is Tiny AI?

20 May 2020

Most Popular

How to build a CMS with React and Google Sheets
content management system (CMS)

How to build a CMS with React and Google Sheets

24 Feb 2021
Oxford University COVID lab falls victim to hackers
hacking

Oxford University COVID lab falls victim to hackers

26 Feb 2021
Npower shuts down app after hackers steal user data
hacking

Npower shuts down app after hackers steal user data

25 Feb 2021