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Deloitte enabling a world leading digital hub

London: enabling a world leading digital hub London's technology, media and telecommunications sector (TMT) already supports 8% of the UK's GDP, which includes significant halo effects on the rest of the country. However, there is more the UK can do to become a world leading digital hub. London TMT sector supports around E125bn of annual value for the UK economy 8% of GDP London is an economic engine for the rest of the UK of direct economic impact £26bn from the London TMT sector additional economic £23bn contribution for London £77bn for the rest of the UK London Figures may not sum due to rounding Productivity Excluding financial services, TMT is more productive than the average industry in London Economic value per worker* Media Technology £51,000pa Telecomms £55,800pa £116,200pa *2010 figures Employment 13% The TMT sector accounts for 13% of total office space in London One in every ten jobs in London is in the TMT sector Nearly 50% of UK media employment is in London 28% of total TMT employment in the UK is in Greater London Recommendations What more can business and government do to make London a leading digital hub? Skills: nurture talent that combines creative and tech skills Tech finance: close the funding gap for UK tech businesses to grow global Community: drive collaboration between businesses, universities and institutions Connectivity: provide fast connectivity to underpin digital innovation Source: Deloitte. London: enabling a world leading digital hub Deloitte. Londen First (intel) EMC

Deloitte enabling a world leading digital hub

shared by pagraphics on Jul 15
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Graphic produced for Deloitte on the UK's technology, media and telecomms sector

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