The report from the business analysis firm also highlights a link between employment clusters and transport infrastructure – which bodes well for the planned HS2 rail link, ITSP notes.
Interestingly, the report claims that the IT sector has consistently outpaced other sectors in job hires over last ten years, and – perhaps as a result – tech companies are consistently more confident about the business outlook than firms in other industry sectors
According to KPMG’s Tech Monitor UK service, larger technology companies reporting steeper employment growth than smaller tech firms.
Commenting on the report, Tudor Aw, head of technology with KPMG, said that it reveals a number of key findings, the most important of which shows that the UK tech sector has generated solid rates of job creation over the last four years and that it has consistently outpaced other UK private sectors in creating jobs since the global financial crisis in 2008/09.
“In terms of business outlook and confidence, we can take heart that tech companies in the UK are bullish about the next 12 months. Optimism is at one of the highest levels since data was first recorded in late 2009 and also continues the trend that tech companies are consistently more upbeat regarding hiring intentions than other UK sectors,” he said.
The research also reveals that the ten local authorities with the highest proportion of tech workers are all in the South East of England and are all located close to either the M4, M3 or M25 motorways, providing easy access to Heathrow and Gatwick Airport, as well as relatively short train journeys to London.
According to the research – Wokingham, home to large multinational firms in the Thames Valley Business Park and Suttons Business Park – is the number one technology employment cluster in the UK, followed by Rushmoor and Hart.
London, meanwhile, has the second-highest proportion of tech workers nationally, with the footprint particularly large in the boroughs of Richmond upon Thames and Hounslow.
Aw says that it is perhaps not surprising that the report identifies the South East as the key region for technology clusters.
“The findings of our report clearly highlight the link between investing in transport infrastructure and attracting businesses and therefore driving growth in the UK economy,” he noted.