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Tech Nation Report 2020: Investment and employment boom for the UK tech sector

The Tech Nation Report 2020 is now live 

Returning for its sixth year, the groundbreaking annual Tech Nation Report is now available online.

This year’s report highlights how the UK has cemented its position as Europe’s top scaling tech nation and is driving global success in the fields of investment, innovation, growth, employment, and productivity.

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Technology is rapidly evolving the way we live and work, and UK tech in particular is at the forefront of this change.

Key findings from this year’s report:

  • Digital tech sector GVA grew nearly 6x faster than that of the rest of the UK economy in 2018 – contributing £149bn to the UK economy.
  • Digital tech employs 2.9m people in the UK, an increase of 40% from 2017 (now accounting for 9% of the national workforce).
  • 25% of Europe’s top 20 highest investment tech cities are in the UK – Manchester, London, Bristol, Oxford and Cambridge.
  • 95 UK companies valued at between $250-$800m in the UK in 2019, set to become the tech unicorns of the future.
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