UK tech employs nearly three million people or 9% of the nation’s workforce. A £13.5bn investment in UK tech in the first half of 2021 has resulted in businesses across the UK hiring quickly to help grow their enterprises.
In the UK, the tech sector has long been flourishing, adding 7% to the UK economy on average every year since 2016. In 2018, the tech startup and scale-up ecosystem were valued at $585 billion — 120% more than in 2017.
There have been more than 50% more jobs in the digital tech economy (which includes jobs in the tech sector as well as jobs in the economy generally) than there were in 2005. With the advent of technology, transactions and communication have become ever more seamless in today’s economy. Transactions can now occur at speeds that were unimaginable a few decades ago.
UK tech job vacancies are rising rapidly month after month. The top four fastest-growing tech job markets in the UK are East of England, Northern Ireland, South East England, and the East Midlands.
Technology has not only had a significant impact on the UK labour market, but it has also offered employment opportunities throughout the country. As the Tech Nation Report 2021 highlights, technical jobs contributed substantially to the leveling up of local economies and, thus, people’s quality of life in all nations and regions in 2019.
In terms of salary increase, front-end developers and data scientists have seen the biggest jumps over the last three years, at 34% and 31% respectively.
In the digital tech economy, over 36% of jobs are in non-tech careers like HR, legal, finance, and sales
Tech companies have just over 30% of jobs in technical roles, which complement and drive the performance of growing tech companies. The digital tech economy employs 33% of workers from outside the tech sector such as software developers who work at banks and design studios.
Converging, these groups of jobs allow the British economy to grow, which relies on the merging of tech and non-tech roles.