London remains the top choice for global tech professionals looking for their next move, according to a new report released by London & Partners.
London continues to be a major draw for international technology workers, according to data compiled by LinkedIn and Stack Overflow for London & Partners.
The report, which was released today (16 Feb), shows the capital remains the top choice for both European and global tech professionals looking to live and work outside of their own country.
Analysis of LinkedIn’s members based in the EU revealed that London was the number one city for European tech talent moving for work, with London welcoming more EU tech workers than any other European city last year.
London’s thriving tech sector and cultural vibrancy has also helped to attract tech workers from countries outside of Europe, with the data showing that London was the most attractive European tech hub for international tech talent from outside of the EU in 2017.
The Mayor of London, Sadiq Khan, said: “London is the tech capital of Europe and home to some of the best tech and creative minds from across the world. Global tech companies such as Amazon, Apple, Facebook and Google continue to invest in London because of our city’s diverse international tech workforce, and our start-up ecosystem is vibrant and innovative.
“That’s why it’s vital that London’s tech businesses continue to have unrestricted access to the best tech talent from Europe and the rest of the world. The best way to do this is for London and the UK to remain part of the Single Market and Customs Union, and I will continue to lobby the Government on this in order to protect our status as a global tech hub, while also investing in homegrown talent to ensure that young Londoners share in the benefits of digital growth.”
Joshua Graff, head of LinkedIn UK, added: “Since the Brexit result we’ve regularly analysed our data to help companies understand how it may impact their business as it relates to talent. It's clear that within the technology sector, London remains an incredibly attractive place for people to further their careers, develop new skills and find employment.
“We continue to encourage businesses to speak-up about why it's so important for companies to continue being able to seamlessly access skilled professionals from around the world. It's this diversity that helps British businesses thrive.”
Last year, Amazon revealed plans to increase its R&D staff in London from 450 to 900 tech roles as it opened its new UK headquarters in Shoreditch. This was followed by the news that Google has started work on its new London HQ, which is set to house up to 7,000 employees. Meanwhile, Apple will also open a new London headquarters in 2021 for its 1,400 London based staff.
The global appeal of London’s tech hub was further boosted by the news that 2017 was a record year for venture capital investment into the city’s tech businesses, with London tech companies receiving £2.45bn of the total £2.99bn invested in tech companies across the UK.
According to London & Partners data, global investors also put more VC money into London than any other European tech hub.
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