Business Services

Tech boom's 50,000 jobs

Tech City UK, Britain's Digital Sector has Creats 50,000 - SantanderCB

A study by government-backed Tech City UK has found that Britain's digital sector has created 50,000 jobs in a year and is growing a third faster than the wider economy. The industry now provides 1.56m jobs in the UK, an 11.2% increase over the past three years. It also boasts an average salary of £50,000, a third more than the typical wage elsewhere. The quickest growing niche is app and software development. The report also identified 27 tech clusters around the country, with Leicester the newest entrant. The sector as a whole enjoyed a total annual turnover of £161bn in 2014, which is 32% higher than the average turnover growth of the rest of the economy.


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander

Other Articles

When you’re an established business, recruiting top talent in all the areas you need can seem like a never-ending challenge.


If you’re a start-up or small business, how can you put together an attractive employee package to appeal to top talent – graduate and…


Mexico is predicted to become one of the world’s top 10 economies in the next 10 or 20 years.

Stop fraud

More than one million incidents of financial fraud occurred in the first six months of 2016, according to official figures released by…

Santander’s Head of SME International Mark Collings discusses why exporting to new global markets may provide businesses with new and…

Where Next?