Tech becomes South West city’s fastest growing industry
Posted on November 25, 2020 by Alistair Hardaker
Tech is now Bristol’s dominant industry, boasting the most jobs and higher-than-average salaries across the board according to new data by Tech Nation and job search engine Adzuna.
The south west city’s average IT salary is £51,685, over £15,000 more than the general average salary for the city at £36,171.
The data suggests there are currently 1,965 IT-related job openings, the highest of any industry in Bristol, with logistics and warehouse coming in second with 1,840, and a total of 1,315 engineering roles available.
Start-ups and scale-ups in Bristol have raised a collective $1.07bn in VC investment since 2014 as it seeks to compete with other growing regional tech hubs including Oxford and Edinburgh.
The University of Bristol has a total of 130 companies spun out of the university, including Ziylo, a biotech company which uses tech to treat diabetes more effectively, which was sold to Novo Nordisk in 2018 for £623m.
Other headline Bristol firms include Vertical farming start-up LettUs Grow, haptic technology company Ultraleap, and cybersecurity start-up Immersive Labs.
Minister for Digital Caroline Dinenage said: “It’s no surprise that Bristol’s tech sector is continuing to grow and is attracting huge levels of investment.
“The work of startups and scaleups in cities like Bristol will be more important than ever as the whole of the UK looks to recover from the coronavirus pandemic. I look forward to hearing how the UK government can continue to help support Bristol’s tech burgeoning sector.”
Dr George Windsor, Head of Insights at Tech Nation added: “Bristol represents a special part of the UK’s tech industry thanks to its strong robotics and microelectronics background.
“This new data demonstrates how important tech is to the city and wider south west region in providing jobs and higher-than-average salaries. This event will be a great opportunity to hear from those in the local tech community on how to ensure Bristol continues to flourish.”