Tech is a major UK industry – one that continues to grow. Cities across the country contribute to its success, as a recent study by TNT demonstrates.
The services company has built an index that ranks the top 10 emerging tech hubs in Britain, using data provided by sources like the ONS, Nomis and Adzuna. It recognises the Scottish capital as the fourth fasting growing tech hub in the UK.
Here, we explore the three factors it ranked highest for, and the reasons why.
- Start-up Births
Very often, continued sector growth is dependent on how many start-ups it produces. Data analysed by TNT reveals that this is particularly high in Edinburgh, which ranked seventh in this particular category, of which there are ten in total.
The Scottish capital has been recognised as an entrepreneurial hub for several years; in 2017, Expert Market listed it as the best city for launching a start-up.
This was largely based on the fact that it offers reasonable office rent rates to its residents – and that it’s home to scores of talented university graduates.
Two years on, it still boasts a high number of start-up births.
2. Existing Firms
Edinburgh isn’t just the home of start-ups – it already hosts multiple existing tech firms. In the TNT index, it’s cited as the seventh highest ranking UK city for tech companies with sustained success.
A 2018 survey led by property consultant CBRE ranked it as having the third highest rate of successful tech companies in the UK, behind London and Glasgow respectively. The Scottish capital managed to beat tech centres like Manchester to gain this prestigious title.
Similarly, a government-backed survey of the Tech Nation 2018 Report identified Edinburgh as having the most positive tech community in the country.
As mentioned earlier, factors like affordable office rent and a large number of capable graduates helps both start-ups and existing tech businesses to thrive in the Scottish city.
3. Relevant Courses
Edinburgh’s success in TNT’s index rankings can largely be attributed to its heavy appeal for those wanting to pursue a career in tech.
The number of Engineering and Technology courses offered by a city is one of the key 10 factors behind the TNT index.
Edinburgh universities attract many people wanting to study computer science and other related fields.
In addition, a number of tech specialists choose to stay in the city after having graduated from their relevant course. As a result, they contribute to its booming tech sector.
Its growing tech industry makes Edinburgh an exciting place for all of its residents – especially aspiring engineers and tech specialists. The Scottish capital is helping the UK to remain a crucial figure in the wider world of technological advancement.
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