IT firms’ total soars as UK clicks as a tech hub
Britain’s app economy and London’s booming Silicon Roundabout have led to a surge of 37,000 in the number of UK IT companies in the past two years.
The UK’s strengthening position as a major tech hub means there are now more than 300,000 businesses operating in the information sector – a 14 per cent rise on the same time two years ago.
That’s much higher than the all-industry average of 8 per cent growth in the number of enterprises in the same period, according to accountancy group NoPalaver. About a fifth of the hiring IT companies are small businesses with fewer than 50 employees while the majority – almost 80 per cent – are sole contractors.
“New media entrepreneurs are riding the next wave of technological innovation to establish a raft of high-growth start-up IT businesses clustering around tech hubs,” said Graham Jenner, a director at NoPalaver.
“In addition to these new seed companies creating new jobs in the industry, we are also seeing huge numbers of IT professionals striking out on their own as contractors supplying these new media companies with bolt-on expertise and access to flexible skills.”
The number of people out of work fell by 48,000 to 2.47 million in the three months to September, according to the Office for National Statistics.
The unemployment rate of the economically active population fell to 7.6 per cent, its lowest rate in more than three years.
- 1 Stephen Fry explains what he would say if he was 'confronted by God'
- 2 Venezuela Expo Tattoo 2015: Extreme body art from 'Vampire Woman' to 109mm earlobes
- 3 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 4 Ball pool for adults opens in London
- 5 Rashida Jones speaks out against male-centric porn saying 'women should have sex and feel good about it'
Stephen Fry explains what he would say if he was 'confronted by God'
9 reasons Greece's experiment with the radical left is doomed to failure
Have we reached 'peak food'? Shortages loom as global production rates slow
British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
Hard line on immigration could cost Tories the election
iJobs Money & Business
£40000 - £50000 per annum: Recruitment Genius: This is an exciting opportunity...
£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...
£13000 per annum: Recruitment Genius: This Pension Specialist was established ...
£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...