What you need to know about Scotland’s growing tech hub
Hello! Welcome to our blog. Do you know that following London and the South East, Scotland has the highest number of startups in the UK? In this article, we discuss what it means for Scotland to be a growing tech hub.
Edinburgh is one of the few palaces in the UK that commands higher median salaries (of over £40,000) than the London average. With 11,200 digital tech companies, Scotland’s IT and software industry is forecast to grow by 38% by 2024.The highest number of tech hubs in Scotland are found in the largest cities such as Edinburgh, Glasgow, Aberdeen and Dundee.
The spacetech industry has grown with companies such as Skyrora in Edinburgh taking £2.5m for its launch technology development from the European Space Agency (ESA). Scottish Development International cites that Edinburgh is now the UK’s top city for startups and Glasgow is known for the biggest tech investment hubs. Glasgow attracted £43 million in venture capital investment during 2020, up 156% from £16.8m in 2019.
Medical tech industry has also been growing with companies such as Talking Medicines in Glasgow which received £1.1m in funding from Tern Plc and the Scottish Investment Bank. Agritech has also been a growth sector where companies such as Intelligent Growth Solutions which secured a £1.6m extension by agri-investor Ospraie Ag Science (OAS) along with Agfunder.
Even before the pandemic, the tech sector was reported to be the fastest growing industry in Scotland. During the UK recession following the pandemic, the tech industry was going strong. It is shown that the sector is increasingly important to the gross value added (GVA) of the UK economy as it has grown on average by 7% since 2016.
According to Tech Nation’s annual industry report, Edinburgh is in the top five cities for tech investment as it attracted £91m venture capital investment in 2020. Scottish startups overall raised £345m in venture capital funding. Two Scottish startups were also winners in Tech Nation’s UK-wide growth programme.
This means that if you are interested in starting a business or looking for a job in tech, Scotland is currently one of the best places to do it.
What you need to succeed in the IT industry
According to the university of Edinburgh, the top ten areas in tech are
- Data science, AI, machine learning, cyber security
- Agile, DevOps, TDD, continuous delivery
- SaaS, DaaS, Maas
- Python, R, Go, Rust, Swift
- Voice technologies
- IOT (Internet of Things) and edge computing
- 5G and beyond
Technical skills that are in demand include
- Fluency in a programming language
- Understanding of full stack development
- Able to give consideration to the accessibility or usability of code
- Designing for internationalisation
- An understanding of distributed systems
As companies invest more in digital systems and Artificial Intelligence (AI), we see an increasing number of jobs opening up in that area. The School of Informatics at the University of Edinburgh is the largest grouping of artificial intelligence researchers in the UK. However, Edinburgh and the other cities of Scotland host a diverse set of tech specialisms.
Follow our blog for more tech news in Scotland. If you would like to learn more or would like specialised support, feel free to contact us and one of our experts will be happy to guide you. AJ Connect is a first class recruitment agency supporting SMEs and businesses across Scotland and the UK.
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