UK remains 'hotbed' for tech talent

The UK remains a 'hotbed' for tech talent, employing five per cent of all high-growth tech workers globally, according to a new report.

The research, conducted by Tech Nation, found that the UK is in front of Japan, France and Indonesia when it comes to employing high-growth tech workers.

In the UK, Insurtech and Fintech were the biggest employers among high-growth digital tech firms in 2018, employing 24 per cent and 18 per cent of the high-growth workforce respectively.

Cyber, AI, and Cleantech all feature in the top ten sectors for employment in high-growth tech firms. Investment data shows that AI, Cyber and Big Data are growing in importance for UK tech scaleups. This means that the UK may be about to see more jobs generated in these sectors.

Eileen Burbidge, Partner, Passion Capital & Chair of Tech Nation said, “The UK has an incredibly pivotal role in the global tech scene."

"Nowhere is this more evident than in the Fintech sector where the UK is ranked number one in the world; an enviable position that has been established with decades of hard work, entrepreneurial talent, innovation and supportive policymakers."

"I’m confident that we have all the ingredients needed for continued success and even greater acceleration of the tech sector here in the UK.”

UK Prime Minister, Rt Hon Theresa May MP, added, ‘‘The UK is a global tech powerhouse."

"I am immensely proud of our country’s ambitious tech scaleups."

"These companies are delivering significant economic value to the nation through the investment they raise, the jobs they create and the innovative products and services they deliver’’.