expand london opening presentation
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Gerard Grech CEO, Tech City UK @TechCityUK @gerardgrech September 2016
Developing a
Who are we? 1. programmes | 2. policy convening | 3. advocacy
-‐ Founding stage -‐ 20,000+ UK sign-‐ups -‐ 17,000+ in training
-‐ Later Stage -‐ £1.2bn raised -‐ £1.bn on the LSE -‐ 10 acquisitions
Most comprehensive annual analysis of the UK’s Digital Tech Economy
-‐ Mid stage -‐ Mentorship program -‐ £180M+ raised
Accelerating digital growth across North of England
Concierge service for fast-‐growth US tech companies
Dedicated Visa Scheme for hiring digital tech talent
Alliance between the UK’s many thriving tech clusters
Techcityuk.co
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@techcityuk.co
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3 4 key drivers powering the UK’s £89Bn digital economy
@techcityuk @gerardgrech
Smart Capital
Rich ecosystem
Business & policy environment
Cri<cal mass of talented people
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+2.8x 1.56M UK Tech Jobs Jobs growing
41% In non-‐digital industries like educaGon & Finance
Faster than the wider economy
£50K
Average UK Tech salary
+36% Higher than UK average salary
1. The UK’s tech talent pool is growing fast
Source: Tech Na<on 2016 Report, Tech City Uk/Nesta
@techcityuk @gerardgrech
2. $3.5Bn Venture Capital invested in 2015. 5x more than 2010. More funds now exist, opening up new opportunities
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3. End-‐to-‐end policy conditions for tech growth are ripe
>£2.75 Bn
latest market
Cap
>£1.1 Bn
latest market
Cap
4. Corp Tax: 17% (joint lowest in the G20)
1. Seed Enterprise Investment Scheme & EIS: 50% relief on
capital gains tax
3. Visas: Entrepreneurs’ Visa, Tech Nation Visa
2. R&D Tax Credits: fueling innovation
5. London Stock Exchange high growth segment @techcityuk
@gerardgrech
>£1.75bn raised via EIS and SEIS in 2014-‐15
4. Rich Ecosystem: >60 UK tech accelerators, >100 co-‐ working spaces & 50+ tech business support orgs
@techcityuk @gerardgrech
38 ROUNDS
£1.5 Bn RAISED
+ £1.22 Bn RAISED FROM 5 IPOs
+ 10 ACQUISITIONS
In the last 24 months…
Good conditions create great companies
@techcityuk @gerardgrech
9 This is why 40% of ‘$1bn valued tech companies are in the UK and the digital economy is growing 32% faster
+32% than the wider UK Economy
Growing
Source: Tech Na<on 2016 Report, Tech City Uk/Nesta *based on 58K iden<fied Digital Businesses
@techcityuk @gerardgrech
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Thank you for listening. Don’t forget to check the Digital Business Academy. Good luck today & tomorrow. Gerard Grech, CEO, Tech City UK www.techcityuk.com @techcityuk @gerardgrech