New report from Tech Nation say the sector in the UK grew six times faster than other industries
- Digital tech contributes £149 billion to the UK economyand currently employs 2.9 million people throughout the four countries, a 40% increase from 2017
- The amount of tech businesses in the UK worth between $250-800 million, according to the report, is the highest on record; 95, which is a 27% increase from 2018
- The UK came in third globally for investment into artificial intelligence (£3.2bn) and fourth for blockchain (£8.9bn.
What this means
The tech sector already sits at the heart of the UK economy - creating jobs and wealth across the country. Protecting and nurturing the sector will be crucial in helping the UK rebound from the current economic crisis.