The UK today is recognised as a hotbed for the tech industry. What began in a small area of East London in the last decade has become a nationwide industry pulling together the country’s unique strengths in talent, entrepreneurship, and digital infrastructure.
Cambridge and Oxford
Britain’s oldest university cities are increasingly costly but offer the some of the best of the UK’s graduate talent pools, fresh from their studies bursting with ideas, entrepreneurial gusto and enthusiasm!
These cities also leverage their business connections built over decades by former alumni of their colleges.
As well as being home to two of the worlds most respected universities, there are also many tech companies based here, including Arm Holdings, the largest tech company in the UK, which has its headquarters in Cambridge.
The location of Cambridge and Oxford provides easy access to the capital without the exorbitant costs that come with being London based and with much speculation and plans in place to connect these two academic cities as well as Northampton and Milton Keynes, this is set to be the UK’s leading growth corridor.
How can these cities compete?
The upsurge of regional competition to Britain’s tech sector has been as fast as the industry’s dramatic rise to national prominence, and it’s difficult to say just what region will win the fight to rival London’s hold on the tech sector in a serious way. The long term trend of growth outside the capital is clear however, and set to gather further pace.
A key determinant is the all-important talent pool that is not large enough to satisfy the industry’s need for labour. Which city can offer these workers the most attractive package of salary, home owning opportunities, and quality of life will likely emerge as the greatest winner in the current battle and as the most serious challenger to London as Britain’s tech hub.