A new report from Policy Exchange says that Britain is already benefitting from the growth of technology firms with 1.2million people employed in the sector. The technology sector also received more equity investment than any other sector over the past three years. However, the fruits of this success are predominantly being felt in and around London and the South East.
A recent study showed that the concentration of tech employment in the South East is greater than the national average in as many as 47 out of 66 local authorities, with Wokingham having more than five times the national proportion of technology workers.
In London alone, 21 out of 33 local authorities have a higher proportion of workers employed in technology related roles than the national average.
Between 2009 and 2012, 27% of all new jobs in London can be attributed to the technology sector and there are now an estimated 34,000 tech businesses in the Capital.
— techcityinsider (@techcityinsider) August 22, 2014