Intelligent SME.tech Issue 17 | Page 59

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// REGIONAL ROUND-UP // AFRICA | APAC | EUROPE | MIDDLE EAST | NORTH AMERICA

TECH ROLES IN UK SURPASS PRE-PANDEMIC LEVELS

The number of tech jobs in England and Wales reached record levels in 2021 , with tech firms publishing more IT vacancies in the last year than all British businesses combined did in 2020 , a new labour market report said .

According to global recruitment consultancy , Robert Walters , and data analytics firm , Vacancysoft , there were over 12,800 new vacancies for tech professionals in 2021 , a rise of 105 % year-on-year and 57.3 % more compared to the previous annual high set in 2018 .
“ More money than ever is flowing into UK tech ,” said Tom Chambers , Associate Director at Robert Walters . “ The sector raised £ 29.4 billion in 2021 , up from £ 11.5 billion in 2020 . The combined value of UK tech companies founded since 2000 is now £ 540 billion , after the biggest year-on-year increase since 2013 / 14 .
“ More money means more job opportunities – and not just in London . Although it ’ s the capital where

ALTHOUGH IT ’ S THE CAPITAL WHERE MOST INVESTMENT ACTIVITY IS FOCUSED , NEARLY £ 9 BILLION WENT TO START-UPS AND SCALE- UPS OUTSIDE LONDON AND THE SOUTH EAST .
most investment activity is focused , nearly £ 9 billion went to start-ups and scale-ups outside London and the South East .”
Technology companies accounted for 53.8 % of all new IT vacancies in England and Wales , up 3.5 % yearon-year and nearly 10 points higher than 2018 .
James Chaplin , CEO , Vacancysoft , added : “ The data reflects how demand for innovative tech and digital infrastructure from UK consumers and business soared in 2021 as restrictions still kept people largely at home and working remotely . It ’ s no coincidence that in the first week of 2022 Apple announced it became the world ’ s first US $ 3 trillion company .
“ Tech companies in the UK will expect sales , investment and headcount to grow this year . But it looks unlikely this unprecedented growth in new jobs can be maintained – especially if the industry ’ s call for the government to provide greater support for R & D , better training and improved access to talent goes unheeded .”
London tech jobs up 121 %, labour market share rises 3.1 points to 47.6 %
London remains the dominant region for new tech vacancies , accounting for 47.5 % of all new jobs . The south is the second-largest regional area for tech vacancies , experiencing a 95 % year-on-year increase and accounting for 26 % of all IT roles . Meanwhile , Wales saw an even sharper increase compared to London , with hiring levels up 121.8 % year-on-year .
The research found software development and engineering specialists were the most sought after in England and Wales , with recruitment levels up 88.2 % year-on-year . At 151.5 %, roles in IT support grew the fastest , while hiring for cybersecurity experts experienced the smallest growth ( 70 % year-on-year ). �
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