A  short  presentation  given  at  SXSW  2016  on  the  UK  Tech  Economy  -­‐  based  on  Tech  Nation  2016  Report  and  its  growth  drivers    

@techcityuk  

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2  ENGAGING  PARTS  TO  THE  PRESENTATION  

UK  Digital    Economy  growth      

WHY  (a  view)  

1. 2.

Who  we  are:  1.  programmes  |  2.  policy  convening  |  3.  advocacy    

20,000  UK  sign-­‐ups  15,000+  in  training  

Stage  B+  concierge    -­‐  £1bn  raised  via  30  rounds  

-­‐  £1.1bn  via  IPOs  -­‐  In  26  months    

Most  comprehensive  annual  analysis  of  the  UK’s  Digital  Tech  Economy    

Leadership  Mentorship  programme  for  stage  A  businesses  

Accelerating  digital  growth  in  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  

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British  Digital  Tech  Economy  is  growing  steadily    

$260Bn

Total Digital Turnover*

+32% than the wider UK Economy

Growing

Source: Tech Nation 2016 Report, Tech City Uk/Nesta*based on 58K identified Digital Businesses

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+2.8x 1.56M UK Tech Jobs

Jobs growing

41% In non-digital industries like education & Finance

Faster than the wider economy

$80K Average UK Tech salary

+36% Higher than UK average salary

British  Digital  Tech  Economy  is  stronger  than  ever  

Source: Tech Nation 2016 Report, Tech City Uk/Nesta

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Key  Tech  Clusters  are  emerging  across  the  country    

Cambridge

Oxford

Bristol/SW

7The  North  of  England  &  Scotland  growing  stronger    

Manchester

Newcastle

Edinburgh

8London  is  home  to  13  of  Europe’s  40  Tech  Unicorns.    

London Major Operations:

43%  of  all  European  $1bn  dollar  valued  companies    are  based  in  the  UK  

30  FUNDING  ROUNDS  

£1.1Bn    RAISED

£1.18  Bn  RAISED  FROM  4  IPOs  

   

6  ACQUISITIONS  

In  the  last  24  months…

3.  Creative  talent  &  critical  mass  of  expertise  in  various  sectors    

1.  Smart  capital  

2.  Strong  business  &  policy  environment  

4.  Rich  ecosystem  &  connected  nation    

4 key  growth  drivers  are  powering  this  UK  growth  

Why  this  growth?    

1.  Investment  in  UK  tech  again  hit  record  high  in  2015  at  >$3.5Bn.  On  average,  >30%  of  EU  investment  in  UK  ((11%  of  Eu  population)    

VC  investment  in  London  tech  companies  is  20x  what  it  was  in  2010  

UK  companies  raised  >30%  of  all  European  VC  money  in  Q4  ‘14  

Source: CB Insights/London & Partners, 2015

UPDATE

More  funds  now  exist,  opening  new  opportunities  and  securing  the  growth  potential  of  talented  teams    

142.  Policy  conditions  for  tech  growth  are  ripe:  end  to  end.  

From  start  up  to  exit.  End-­‐to-­‐End.    

>£2.5Bn  

>£1Bn  

4.  Corp  Tax:  20%    (joint  lowest  in  the  G7)      

1.  50%  relief  on  capital  gains  tax  on  early  stage  investments  

3.  Visas:  Entrepreneurs’  Visa,  Tech  Nation  Visa  

2.  R&D  Tax  Credits:  fueling  innovation        

5.  London  Stock  Exchange  high  growth  segment  

3.  Very  rich  Ecosystem:  Key  HQs,  >60  UK  tech  accelerators  &    >100  co-­‐working  spaces  &  50+  support  orgs      

164.  Deep  &  extensive  pool  of  talent,  with  top  research  

universities,  Digital  Skills  Academies  &  Int.  HQs  

International  &  EU  HQs   Technology  Institutes  &    

World-­‐class  Universities    

Finally,  pls  say  hello  to  our  Tech  City  UK  companies  with  us  at  SXSW!  

@TechCityUK  #UKatSXSW  

Thank  you  for  coming      

Read  The  Report  at    www.techcityuk.com/technation  

MIKE  BUTCHER  TechCrunch  Managing  Editor  @mikebutcher  

NICO  PEREZ  Mixcloud  CEO  @nicoperez  

VINCE  BANNON  Getty  Images  SVP,  Partnerships  @pointer8708  

BEN  BOWLER  Chew  CEO  @benbowler  

&  the  Disruption  of  Music  @TechCityUK #UKatSXSW

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