U.K is the digital tech capital of Europe, according to Tech Nation’s report.
The highlights of the report include:-
- In 2016, digital tech investment reached £6.8 billion in the UK, 50% higher than any other European country.
- UK digital tech turnover has reached nearly £100 billion, an increase of 10% in the past five years.
- There are 1.64 million digital tech jobs in the UK and the creation of new jobs in the sector outpaces non-digital.
- Productivity levels are also higher among digital tech workers. The GVA (gross value added) of a digital tech worker is double that of a non-tech employee.
The report encompasses talent, investment, skills and collaboration opportunities.
That’s positive news for now but a tech talent crisis is still a very real issue for UK businesses.