Tech powering UK growth
Technology is the driving force of the UK economy. The UK’s tech sector is an engine of growth in its own right, as its output and investment are expanding rapidly. But, more importantly, technology adoption and diffusion unlocks growth in all other sectors, boosting the productivity of businesses across the economy.
We bring together the tech industry with national and devolved governments, universities and investors to power growth and produce prosperity for people and places throughout the UK.
Strategic context:
43% | £1 trillion | 53% | 2.6 million |
|---|---|---|---|
The UK’s tech sector has grown 43% since 2019 – more than 7 times the growth rate of the UK economy overall. | The UK has the most valuable technology ecosystem in Europe, worth over £1 trillion, and the third-most valuable technology ecosystem in the world. | The tech sector’s productivity is 53% higher than the UK average | The tech sector is a major employer, creating 2.6 million jobs in the UK. |
techUK objective:
If economic growth is the challenge, technology is the solution.
Technology is uniquely well placed to reignite economic dynamism, revive productivity and rekindle growth in the UK. This country has world-leading expertise in emerging technologies, rich data assets and a strong investment ecosystem.
Now is the time to harness these strengths to drive long-term, sustainable growth. We advocate for the right policy, fiscal and regulatory conditions to achieve this and start building the economy of tomorrow, today.
Read more:
SMEs and scale-ups are the foundation of the UK's technology sector. They drive innovation, create jobs and bring new products and services to market. From ambitious start-ups to established specialist firms, they support growth, productivity and competitiveness across the economy.
Read more about our support for these businesses below:
Contact the team:
Tom McGee
Associate Director - Digital Economy
Edward Emerson
Head - Digital Economy
