Technology

Britain’s digital economy ‘big and broadly based’

Britain’s digital businesses contribute a higher proportion of value to the economy than those of any other G20 nation, according to new figures.

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Britain’s digital businesses contribute a higher proportion of value to the economy than those of any other G20 nation, according to new figures.

Technology

Britain’s digital economy ‘big and broadly based’

Britain’s digital businesses contribute a higher proportion of value to the economy than those of any other G20 nation, according to new figures.

Share this article

Britain’s digital businesses contribute a higher proportion of value to the economy than those of any other G20 nation, according to new figures.

The Connected World survey by Boston Consulting Group shows the digital economy accounts for 8.3 per cent of UK GDP, but this figure could rise to 12.4 per cent in just two years’ time.

Writing in Real Business today, James Parton, European director of Twilio, says the contribution is evenly spread across the country and not necessarily focused in London’s Tech City.

That’s despite 15,000 launching in Tech City last year alone, more than any other part of the country.

“It’s important to highlight that the tech industry has exploded all across the UK, and not just in London. In fact, the Niesr’s recent report told us that there are at least 270,000 digital companies across the country,” he wrote in Real Business.

“Tech clusters can be found in cities all over the UK, including Bath, Brighton, Birmingham, Bristol, Cambridge, Edinburgh, Leeds, Manchester, Newcastle, and Sheffield where startups are thriving and major companies are growing and investing.”

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Britain’s digital economy ‘big and broadly based’

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