West Midlands is a tech powerhouse, says DCMS


West Midlands is a tech powerhouse, says DCMSThe West Midlands is the country’s fastest-growing tech sector and the region’s thriving digital industries are expected to  create an additional 52,000 roles in the sector over the next four years – an increase of 55%  since 2019, says the government.

Tech growth in the region grew by an average of 7.6% a year between 2014 and 2019, the fastest region in the UK.

Going forward it is expected to generate  at least £2.7 billion for the local economy by 2025.

It comes as new figures compiled by job search engine Adzuna and investment analysts Dealroom for the UK’s Digital Economy Council and Tech Nation show tech companies in the West Midlands are on track to raise more venture capital investment in 2021 than they did a year earlier, and tech job vacancies advertised in the region have almost doubled since December 2020.

Tech companies in the West Midlands have raised £454 million in venture capital funding already this year, compared to £358 million last year, while tech vacancies have increased from 5,099 in December 2020 to 9,287 in October 2021.

“We are determined to level up the country and we are working around the clock to back digital businesses with pro-innovation policies to boost digital skills and create jobs so everyone can benefit from this dynamic sector,” says digital minister Chris Philp.

The growth figures, published as part of the Department of Digital, Culture, Media and Sport (DCMS) Assessing the UK’s regional digital ecosystems report, highlight the region’s flourishing digital sector as Birmingham’s annual celebration of digital, technology and innovation kicks off.

The DCMS report looks at regional growth in the digital economy and will be used to support the government’s work on levelling up so it can work with the sector to capitalise on untapped areas of potential and create more wealth and jobs.

To make sure people in the region have the skills to match local employment needs, the government is supporting the West Midlands Local Digital Skills Partnership to bring the public, private and third sectors together to boost people’s digital skills and make sure  people from all backgrounds have access to training.

The work is paying off with a new report last month showing there is increased awareness of digital opportunities among young people, there are more digital skills and career opportunities available and there has been a boost in business confidence.

Alongside local and national investments in digital skills, including the Digital Entitlement so adults who need them can undertake new digital qualifications free of charge, the Kickstart scheme for young people, and the confirmation last week of more government-funded scholarships in AI and data science, the rollout of gigabit broadband will provide Britain’s tech innovators with the bandwidth to process ever-increasing amounts of data and utilise new advances in internet-connected technologies.

As more people work remotely, it will also give tech entrepreneurs the reliable connectivity they need to start and run businesses from anywhere in the UK, even in remote areas.

Gigabit coverage in the West Midlands has exploded from less than 3% in 2019 to 63% today.

The West Midlands was recently named as one of the areas set to benefit from the government’s £5 billion Project Gigabit – the biggest broadband rollout in British history.

Around 194,000 hard-to-reach homes and businesses across Shropshire, Staffordshire and Worcestershire will be given access to gigabit broadband, thanks to a government investment of between £183 and £311 million, with procurement set to start in November 2022.

The region also benefits from having the highest proportion of households with internet access at 97 per cent.

Alongside local and national investments in digital skills, including the Digital Entitlement so adults who need them can undertake new digital qualifications free of charge, the Kickstart scheme for young people, and the confirmation last week of more government-funded scholarships in AI and data science, the rollout of gigabit broadband will provide Britain’s tech innovators with the bandwidth to process ever-increasing amounts of data and utilise new advances in internet-connected technologies.

As more people work remotely, it will also give tech entrepreneurs the reliable connectivity they need to start and run businesses from anywhere in the UK, even in remote areas.

Gigabit coverage in the West Midlands has exploded from less than three per cent in 2019 to 63 per cent today.

Around 194,000 hard-to-reach homes and businesses across Shropshire, Staffordshire and Worcestershire will be given access to gigabit broadband, thanks to a government investment of between £183 and £311 million, with procurement set to start in November 2022.

The region also benefits from having the highest proportion of households with internet access at 97%.





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