Thursday, July 14, 2016

Exeter is a Leading Light in the UK's Tech Sector

The 2016 Tech Nation report from Tech City showed that Exeter had significantly outpaced all other major cities in terms of reported rates of employment growth in the digital sector between 2011 and 2014.

Tech City was launched by the Government to support the East London tech cluster (London Tech City/Silicon Roundabout).  It now helps major cities around the UK.

It does this through:
  • Targeted programmes: aimed at filling market gaps
  • Policy development through feedback to government by means of such things as surveys, white papers and reports like Tech Nation
  • Championing and connecting the digital sector through international trade missions, media engagement and events.

The 2016 report covers the period up to 2015. At that time Exeter had:
  • Digital tech economy jobs: 11,412
  • Advertised digital salary: £39,695
  • Digital density (Digital tech businesses as % of total businesses): 16%
  • Digital GVA: £133 million


The report also contains growth between 2010 and 2014 which for Exeter was:
  • Employment 161%
  • Turnover: +41%
  • Gross Value Added (GVA) (Total output (goods or services) minus value of inputs eg cost of production and taxes) + 84%

Notes:

Digital Tech Industries Includes businesses operating in digital technology according to the definition used by the Office of National Statistics

There are 3 Job Types in the Digital Tech Economy:
  • Native: digital job in digital tech industries
  • Support: non-digital job in digital tech industries
  • Transformer: digital job in traditional industries

Definition of a digital tech business: provides a digital technical service/product/platform/hardware, or heavily relies on it, as its primary revenue source.

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