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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

m

@techcityuk.co

m

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

4

+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


2. $3.5Bn Venture Capital invested in 2015. 5x more than 2010. More funds now exist, opening up new opportunities

8

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


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


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


&

|

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

Internet

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