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The UK is the Digital Capital of Europe

Tech City have recently released their TechNation 2017 report and the findings are great news and rather flattering for the UK digital sector.  As a supplier to many digital firms Greenfield have seen the surge in demand and salaries mentioned in the report, it did surprise us just how far ahead of the rest of Europe we are.

These are the headline figures

  • The UK’s digital tech industry turned over an estimated £170 billion in 2015, is growing at twice the rate of the wider economy and is key to boosting the UK’s wider economy, with a contribution of £97 billion in 2015.
  • The digital tech industry generated a further 85,000  jobs over the past year from 1.56 million in 2014 to 1.64 million in 2015, creating jobs at double the rate of the rest of the economy.
  • Similarly, since 2012 there has been a 13% increase in the advertised salaries of digital tech posts, compared with only a 4% rise in those of non-digital jobs.
  • Tech investment in the UK reached £6.8bn in 2016, more than two times higher than any other European country and significantly more than its closest rival, France, which secured £2.4bn.
  • Tech Nation 2017 shows that the average advertised salary for digital-tech jobs has now reached £50,663 a year, compared with £35,155 for the average non-digital salary, making it 44% higher than the national average.

TechCity – “Our in depth analysis of over 1000 economic and business data points, thousands of survey responses and interviews with tech founders, as well as insights from our community partners across the UK shows that when we compare digital tech investment, talent and skills and collaboration opportunities of the UK compared to other European countries the results are clear and undisputed: The UK is the digital capital of Europe.”

If you operate in this sector where demand for staff outstrips supply, are you feeling the skills shortage pain? We are experts at alleviating the sourcing headaches of our clients with data and imagination! Please get in touch with Laura Gwynn our resident digital recruitment ninja!

 

Source – www.techcityuk.com