Fancy a new Tech challenge? Glasgow may be the answer...

Written by Conor Ferguson | Blog | UK Economy | Digital Technology | Technology | Posted 07/03/2019 14:40:26

Glasgow demonstrates the wonders of pouring investment into their growing technology market

An increase in investment, education and a spike in entrepreneurial spirit are all potential reasons as to Glasgow’s growing stature.

Since the Brexit referendum in the summer of 2016, a spectre of economic uncertainty has loomed large over the UK and, with less than a month to go until we leave the EU, this ambiguity is larger than ever.

Despite this, Sanderson have experienced consistent growth throughout our 2 years in Glasgow and the city is becoming known for its growing status as a centre for IT.

What is Glasgow doing to look after these businesses?

An increase in investment, education and a spike in entrepreneurial spirit are all potential reasons for Glasgow’s growing stature. There is also an increasing awareness of the regional talent available to larger companies which has encouraged growth.

All this has led to one of the busiest periods for Glasgow based IT recruiters in recent history.

Infrastructure has been one of the most noticeable signs of progress for Glasgow

Barclays have recently broken ground on a new state of the art tech campus in Tradeston, a facility that will eventually house 5,000 staff. PWC has also announced plans to hire 120 new digital staff across Glasgow and Edinburgh as they look to focus on artificial intelligence, virtual reality and low latency data analysis.

The public sector has also shown an eagerness to invest in infrastructure. Scottish Enterprise, the University of Strathclyde and the Glasgow Chamber of Commerce have pledged £500million to develop an ‘Innovation District’ that will span from Glasgow Green to George Square, aiming to attract continued investment and build upon Glasgow’s reputation as a city of innovation.

The Social Programmes & Initiatives

The collaborative approach between public and private sectors has also led to the creation of numerous initiatives aimed at educating and inspiring the next generation of IT professionals in Glasgow.

The ‘Digital Xtra Fund’, a grant programme created by Glasgow-based organisations including Skyscanner and JP Morgan, is aimed at funding extracurricular coding programmes for children from traditionally underrepresented backgrounds.

“Demand for technical skillsets is at an all-time high and supplying quality resources to fulfil this demand will be crucial.”

Initiatives such as these are vital to keeping Glasgow at the forefront of global technical innovation; by next year, approximately 60% of the world’s workforce will be made up of millennials and gen Z and they will be more tech savvy and more mobile than ever before.

This continued investment is incredibly important as it represents the best chance of securing a consistent flow of world class talent entering Glasgow. Demand for technical skillsets is at an all-time high and supplying quality resources to fulfil this demand will be crucial.

The Importance of Start-Ups

This talent will likely be introduced to the industry through the growth of SME’s created on the back of a wave of entrepreneurship and there are numerous success stories that highlight this boom. Listings Ledger, a start-up aimed at using technology to create a virtual stock market in the UK boasts former employees of Goldman Sachs, Morgan Stanley and Bloomberg. They are currently bidding for a US patent which if successful, would lead to the creation of hundreds of jobs in Glasgow.

There is now growing recognition of these challenges and as a result, more support than ever is available to Glasgow’s entrepreneurs.

However, the journey of a technology start up is a fraught and well-trodden path. One of the major contributors to this issue is that many tech entrepreneurs lack the knowledge, skillset and contacts to successfully scale their concept into a profitable business.

There is now growing recognition of these challenges and as a result, more support than ever is available to Glasgow’s entrepreneurs.

The iGAP @ Tontine programme focuses on supporting high growth, high potential enterprises through a combination of educating entrepreneurs in key business skills and providing strategic guidance; ensuring that new tech ventures have the resources and knowledge to successfully grow.

There can be no doubt that these are exciting times to be involved in IT in Glasgow

The new opportunities being created and the huge investment across the board reflects a thriving market. It is important for all those involved (be it large companies, SME’s, recruiters or individuals) to ensure they build strong, collaborative relationships that can be the foundations of a budding technology sector in Glasgow.

What do you think?

Is Glasgow the new centre of technology in Scotland? Or even the UK?

Let us know!

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