The Tech Nation 2017 report was published yesterday and gives a comprehensive overview of the tech and digital sector across the UK.
The report features 30 city clusters including eight in the North of England. Manchester, Liverpool, Leeds, Sheffield, Hull, Sunderland, Newcastle and Middlesbrough.
Here’s what it says about Newcastle.
- 2nd in the UK for high-growth digital businesses at 22% (2014)
- Joint 4th in the UK (with Leeds) for average digital salary at £51,213
- One of the top 10 cities for house price affordability
- Scores highly for digital tech skills
The Tech Nation report highlights True Potential and Performance Horizon for being companies with ‘significant staying power’. And it points to all eyes now being on the North East Futures UTC (university technical college) which is set to open in September 2018.
Key numbers:
- Number of digital jobs: 20,290
- Digital density: 0.69
- Digital GVA: £1 billion
- Startup births each year: 211
- High growth firms: 22%
- Average digital salary: £51,213
What local startups like about Newcastle
- 76% like the tech sector’s growth potential
- 90% like the overall quality of life
- 48% like the transport infrastructure
What local startups say is a challenge
- 66% mentioned lack of supply of high-skilled workers
- 37% mentioned limited access to finance
- 36% highlighted poor transport infrastructure
Read the full Tech Nation report study of Newcastle. You can find the methodology here.
We’ll be highlighting other clusters in the North over the next few days.
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