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UK is Europe’s favorite tech centre for international tech professionals

The UK is Europe’s most fascinating know-how hub for international tech staff trying to transfer overseas, in line with a survey of over eight hundred worldwide know-how professionals.

The findings of the ballot1 reveal that cellular, international tech staff would like to relocate to London, over different rival tech hubs in Europe comparable to Berlin and Paris. The survey additionally discovered that London is seen along with New York and San Francisco as one of many world’s prime three know-how hubs.

The British capital scored extremely throughout a variety of enterprise and way of life elements based on the analysis, commissioned by London & Companions, the Mayor of London’s promotional firm and carried out by YouGov. A big proportion of worldwide tech respondents cited London’s good worldwide journey connections, cultural variety and artistic and progressive setting as necessary elements for its attractiveness.

The survey additionally discovered that London rated extremely in comparison with different tech hubs the world over. Respondents discovered London to be extra beneficial for ease of doing enterprise, good worldwide journey connections and tradition arts and leisure than hubs resembling Bangalore, Ontario and Singapore.

Current analysis has additionally discovered that London leads the best way for high-skilled expertise. Up to now three years London has seen a sixteen per cent improve in high-skilled staff, making it probably the most gifted metropolis on the earth. The expansion of London’s tech sector has helped it to draw extra extremely expert staff than some other international rival together with New York, Hong Kong and Sydney2.

The Mayor of London Boris Johnson MP stated: “London is a know-how powerhouse. With our aggressive enterprise surroundings and an unrivalled vary of tradition, arts and leisure, we’re capable of appeal to a number of the highest artistic and entrepreneurial minds on the planet. Because the creation of the Tech Metropolis undertaking six years in the past, London has emerged as Europe’s quickest rising know-how hub whereas cementing our standing as a world-class vacation spot to reside and work.”

Russ Shaw, founding father of the worldwide advocacy community Tech London Advocates added: “London is a very international metropolis and has all the correct elements to stay one of many world’s main tech hubs. London gives the world-class monetary centre of New York, the thriving know-how start-up tradition of Silicon Valley, the political and regulatory surroundings of Washington DC and the dynamic leisure business of Los Angeles, multi functional metropolis. This creates an surroundings with distinctive potential for entrepreneurs.”

Whereas London ranked persistently excessive throughout a variety of metrics, New York and San Francisco stay the 2 most fascinating international tech locations amongst respondents. The American cities narrowly scored larger than London when it comes to ease of doing enterprise and employment alternatives.

The analysis has been launched to coincide with the worldwide launch of the ‘Transatlantic Tech Boom’ marketing campaign, a joint initiative between London & Companions, UK Commerce & Funding and funded by the GREAT Britain marketing campaign.

The marketing campaign will goal US know-how companies trying to broaden into London and the UK. It should formally be launched at an unique occasion on the Nice British Home on Sunday 13th March on the international movie, music and digital pageant – South by SouthWest (SXSW). The occasion will showcase the brightest American and British figures from the UK’s tech scene together with keynote speeches from Russ Shaw, founding father of Tech London Advocates, Ben Medlock, Co-founder of SwiftKey and a stay efficiency from British singer-song-writer and music-tech entrepreneur, Beatie Wolfe.

Gordon Innes CEO of London & Companions stated: “London is already Europe’s main vacation spot for worldwide know-how corporations trying to increase globally. However the analysis findings additionally reveal that London has joined San Francisco and New York to develop into one of many world’s main tech hubs. With quick access to world-class tech expertise, worldwide markets and a tradition of innovation, we’ve got already seen American tech corporations reminiscent of Fb, Amazon and Google set up a robust presence within the UK. We sit up for welcoming extra US companies and entrepreneurs to reap the benefits of the unbelievable enterprise and way of life alternatives that London and the UK has to supply.”

Separate analysis from DueDil, the London-based fintech firm, revealed the impression of US entrepreneurs on the UK tech sector. The analysis finds that 1,403 US entrepreneurs are administrators of UK tech SMEs based between 2010-2014, greater than virtually some other non-UK nationality (besides Eire and India). The findings additionally confirmed that the variety of UK tech start-ups with US administrators has greater than doubled since 2010three.

US entrepreneur and DueDil CEO Damian Kimmelman stated: “The UK gives a number of alternatives for abroad entrepreneurs and tech companies alike. The UK’s open strategy to knowledge, robust authorities help, availability of finance and entry to technical expertise made it the right location to implement our enterprise concept and scale the corporate. As an American, it’s no shock to study that the UK is the vacation spot of selection for US tech entrepreneurs trying to begin and develop a digital enterprise.” 

London and the UK additionally stay the main location for international corporations trying to set up a European Headquarters, with London internet hosting forty per cent of the world’s prime corporations. Within the final 5 years, a number of the world’s largest know-how corporations similar to Google, Fb and Skype have all established developer and engineering hubs in London. Earlier this yr, US know-how big Amazon introduced plans to create a further 2,500 jobs within the UK, bringing the corporate’s complete variety of staff to greater than 14,500 by the top of 2016.

Michael Xenakis, Managing Director EMEA of on-line restaurant reserving service, OpenTable, commented on the corporate’s determination to determine a European base in London: “London sits firmly on the forefront of the worldwide restaurant scene, making it an apparent selection for OpenTable’s European base. It gives wonderful journey hyperlinks to the US and Europe, and allows us to faucet into an abundance of expertise in related sectors for our enterprise, from engineering to advertising and all the things in between.”