Technology & digital
All hands on tech
The growth of Britain’s technology sector continues to outstrip GDP. It is helping to seal the UK’s reputation as a global springboard for new enterprises.
The UK tech sector has been growing faster than any other part of the economy for several years, with the number of tech-related companies rising by 31% since 2010. That is equivalent to 45,000 new businesses, or one new company every hour of every day for the past five years. Confidence is high and tech bosses predict steady growth will continue in the coming year.
Sector at a glance
- 12.4% – The proportion of the UK economy accounted for by technology and digital business, more than any other G20 country
- 1.46 million – The number of people employed in UK digital industries
- 15% – The proportion of 2013-14 UK start-ups that were digital companies