UK Technology Sector

UK Tech Start-up Landscape - Autumn 2017

Not only has the decision to leave the European Union not dented London’s start-up scene, it seems to have actually widened its lead as Europe’s leading fundraising destination.

According to a report from CB Insights, U.K. start-ups attracted $3.02 billion in venture capital in the third quarter. That’s a bit below the peak reached in Q4 2016, when U.K. start-ups attracted $3.5 billion.  But it’s more than triple the amount raised one year ago, and the third straight quarter-over-quarter increase.  The positive results were driven by six companies that raised rounds larger than $100 million in the quarter. 

Oxford’s Tech Sector Moves Into Second Place Behind London

Oxford’s growing technology sector has helped it move into second place, behind London, in a table of UK cities ranked by total economic output.

According to the Q4 2017 UK Powerhouse report, Oxford’s output was valued at £498m and its economy £8.3bn, a rise of 2.2% in the 12 months to the end of June.

The report was produced by law firm Irwin Mitchell and the Centre for Economics and Business Research and estimates growth and job creation across 45 UK cities.

Richard Wheeler Associates: Now is the Time to Partner with a Consultancy

RWA is open and is a firm with ideas - with new hiring options and tailored recruitment solutions to complement what you already do. 

Are your current recruitment strategies delivering the results your business needs? Or fast enough? We recognise that hiring post BREXIT is harder for tech businesses, especially those located outside London. Hiring has not been put on hold and job advertising activity has not reduced. 

Job Growth in UK Technology Sector Outstrips National Average

The Tech Monitor UK report has found employment in technology companies is much stronger than the UK-wide employment trend.

The new report by KPMG and Markit on the UK technology sector has used 10 years’ worth of data from the UK Tech Sector Purchasing Managers’ Index (PMI), up until August 2013, to identify the main UK tech clusters, job hiring trends and how confident UK tech companies are in their business outlook for the next 12 months.

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