Many factors make a city an attractive place in which to work and live: good colleges and universities, reliable public transport systems, quality accommodations and cultural amenities — not to mention large companies that pay large salaries.
The UK has long been home to a thriving tech sector, with tech’s gross value add to the UK economy growing an average of 7% per year since 2016. The tech startup and scale-up ecosystem is currently valued at $585 billion — 120% more than in 2017, and more than double the next in line, Germany.
Businesses are bullish on tech. A study from the Learning and Work institute in March found that 60% of those surveyed expect their reliance on advanced digital skills will increase over the next five years, according to The Guardian, although less than half of UK employers thought new entrants to the workforce had the advanced digital skillsets needed.