The annual Tech Nation Report in association with the World Economic Forum, reveals key stats on the UK’s booming tech industry.
For Wales, headline findings were:
- Turnover from digital tech businesses in Wales is currently £1bn
- Digital tech business count stands at 3,600
- Employment in the digital tech sector has reached 45,000
- Digital tech productivity per worker is £82,000
UK Government Minister for Wales, Kevin Foster commented:
“Wales’ tech sector is growing rapidly – creating jobs, boosting economic growth and confirming our position as a global hub of excellence. The innovation of our tech start-ups is fuelling this growth, with many companies coming from collaborative communities of passionate entrepreneurs. Innovative Welsh companies pushing forward new technologies in data, AI and cybersecurity will ensure that we are positioned to thrive in the economy of the future. This report shines a spotlight on the exciting tech scene in Wales and its impact on the UK and global economy. The UK Government remains committed to supporting the ambition and innovation of our businesses as we create a world leading digital economy.”
Aimee Bateman, Founder, CareerCake commented:
“The tech scene is great; it’s filled with passionate people, fantastic networks and some of the most amazing investors. In the early days we were told we’d need to move to London or the US to make it in our space, but in fact Cardiff has presented us with so many opportunities.”
Louise Harris, CEO, Big Learning Company commented:
“Cardiff has a leading Creative industries sector, grown up over the last 20 years and continuing to develop, there is a real opportunity to converge Tech expertise and innovation with the mature skills of this sector to do something truly exciting and world-leading. The clustering we have seen in Wales around Data, AI, Cybersecurity and IOT is a helpful way to focus resources and expertise to accelerate start-ups and scale-ups in these areas.”
On July 17th Tech Nation will hold a Tech Nation Talks event in Cardiff where they will be sharing insights from the Tech Nation 2019 report and discussing the strengths & challenges of Welsh tech.