The UK is no longer the top European destination for foreign workers - results from the Decoding Global Talent 2018 report by the Boston Consulting Group (BCG) and The Network have shown. Germany has replaced it as the European country most job seekers would consider moving to and Germany is now the second most popular work destination worldwide, behind the US.
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.
Europe is expected to hit $13.6 billion in tech investments in 2016, up from $12.6 billion in 2015, as newer technology hubs crop up outside traditional capital centres, according to a report produced by venture capital firm Atomico released at the Slush startup conference in Helsinki this week.
The report suggests Munich, Zurich, Lisbon, Madrid, and Copenhagen will be ones to watch over the coming years. Paris is starting to seriously challenge London and Berlin in terms of the number of VC-financed deals and deal volume.
Fintech companies - businesses that harness technological advances to challenge the existing financial system and the way things have traditionally been done - appear to be riding the post-Brexit storm with genuine confidence.
To the fore of this mini revolution are companies developing apps for stock market trading, websites that will help create entirely new currencies, and revolutionary new payment technology. All these ideas will change the way finance works.
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.
The digital economy in the UK is thriving. The UK-wide nature of the industry was supported by the Tech Nation research report from Tech City UK - the agency originally created by the government to promote the east London tech cluster but which now promotes tech business growth UK-wide.
Using data from fast-rising digital businesses like Duedil and Adzuna, the Tech Nation 2015 report predicts that digital job growth will outperform all other occupation categories by 2020 - with digital employment itself set to grow by 5.4% by 2020.