Tech Nation Report
Edinburgh leading UK technology jobs and pay boom
Skyscanner: an Edinburgh-created unicorn, though now owned by the Chinese (pic: Terry Murden)
Edinburgh has created three times as many jobs in the technology sector than the UK average, with salaries almost 15% more than other jobs in the city, according to a report published today.
Tech Nation’s Bright Tech Future Jobs/Skills report says the city’s tech sector contributed nearly £4 billion in revenue to the economy last year and employs almost 60,000 people.
Recent figures on venture capital investment into the UK tech sector showed that 2019 is turning into an exceptional year for the country as a whole, with $6.7bn invested in tech companies so far this year and Scottish tech firms raising $53m in funding so far in 2019.
One in five job vacancies advertised in Edinburgh is in the tech sector, with the average tech job in the city paying £42,500. In terms of spending power, Edinburgh is the best place for an analyst to work in the UK, while Glasgow tops the list for project managers.
Tech Nation unveiled its report during the Bright Tech Series tour stopover at Codebase, Edinburgh, home of the UK’s largest tech incubator. The aim of the event is to gather evidence on the talent and skills challenge that tech companies face. Evidence from the session will be used to inform recommendations to the Department for Digital, Culture, Media and Sport.
It was hosted by Tech Nation’s head of insights George Windsor and Hazel Gibbens, Scotland’s entrepreneur engagement manager.