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Gerard	
  Grech	
  
CEO,	
  Tech	
  City	
  UK	
  	
  
	
  
@TechCityUK	
  
@gerardgrech	
  
	
  
September	
  2016	
  
Developing	
  a	
  	
  
Who	
  are	
  we?	
  1.	
  programmes	
  |	
  2.	
  policy	
  convening	
  |	
  3.	
  advocacy	
  	
  
-­‐	
  Founding	
  stage	
  
-­‐	
  20,000+	
  UK	
  sign-­‐ups	
  
-­‐	
  17,000+	
  in	
  training	
  
-­‐	
  Later	
  Stage	
  
-­‐	
  £1.2bn	
  raised	
  
-­‐	
  £1.bn	
  on	
  the	
  LSE	
  
-­‐	
  10	
  acquisitions	
  
Most	
  comprehensive	
  
annual	
  analysis	
  of	
  the	
  
UK’s	
  Digital	
  Tech	
  
Economy	
  	
  
-­‐	
  Mid	
  stage	
  
-­‐	
  Mentorship	
  program	
  
-­‐	
  £180M+	
  raised	
  
Accelerating	
  digital	
  
growth	
  across	
  
North	
  of	
  England	
  
Concierge	
  service	
  
for	
  fast-­‐growth	
  US	
  
tech	
  companies	
  
Dedicated	
  Visa	
  
Scheme	
  for	
  hiring	
  
digital	
  tech	
  talent	
  
Alliance	
  between	
  the	
  
UK’s	
  many	
  thriving	
  
tech	
  clusters	
  
Techcityuk.com	
  
@techcityuk.com	
  
3
4	
  key	
  drivers	
  powering	
  the	
  UK’s	
  £89Bn	
  digital	
  economy	
  
@techcityuk
@gerardgrech
Smart  
Capital  
Rich  
ecosystem
Business  &  
policy  
environment
Cri<cal  
mass  of  
talented  
people  
4
+2.8x	
  1.56M	
  
UK	
  Tech	
  Jobs	
   Jobs	
  growing	
  
41%	
  
In	
  non-­‐digital	
  industries	
  
like	
  educaGon	
  &	
  Finance	
  
Faster	
  than	
  the	
  
wider	
  economy	
  	
  
£50K	
  
Average	
  UK	
  Tech	
  
salary	
  
+36%	
  
Higher	
  than	
  UK	
  
average	
  salary	
  	
  
1.	
  The	
  UK’s	
  tech	
  talent	
  pool	
  is	
  growing	
  fast	
  	
  
Source:  Tech  Na<on  2016  Report,  Tech  City  Uk/Nesta
@techcityuk
@gerardgrech
2.	
  $3.5Bn	
  Venture	
  Capital	
  invested	
  in	
  2015.	
  5x	
  more	
  than	
  2010.	
  
More	
  funds	
  now	
  exist,	
  opening	
  up	
  new	
  opportunities	
  
8
3.	
  End-­‐to-­‐end	
  policy	
  conditions	
  for	
  tech	
  growth	
  are	
  ripe	
  
>£2.75	
  Bn	
  	
  	
  
latest	
  market	
  Cap	
  
>£1.1	
  Bn	
  
latest	
  market	
  Cap	
  
	
  
4.	
  Corp	
  Tax:	
  17%	
  	
  (joint	
  lowest	
  in	
  
the	
  G20)	
  	
  	
  
1.	
  Seed	
  Enterprise	
  Investment	
  
Scheme	
  &	
  EIS:	
  50%	
  relief	
  on	
  
capital	
  gains	
  tax	
  
3.	
  Visas:	
  Entrepreneurs’	
  Visa,	
  
Tech	
  Nation	
  Visa	
  
2.	
  R&D	
  Tax	
  Credits:	
  fueling	
  
innovation	
  	
  	
  	
  
5.	
  London	
  Stock	
  Exchange	
  high	
  
growth	
  segment	
   @techcityuk
@gerardgrech
>£1.75bn  raised  via  EIS  
and  SEIS  in  2014-­‐15  
 4.	
  Rich	
  Ecosystem:	
  >60	
  UK	
  tech	
  accelerators,	
  	
  >100	
  co-­‐	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
working	
  spaces	
  &	
  50+	
  tech	
  business	
  support	
  orgs	
  	
  	
  
@techcityuk
@gerardgrech
38	
  
ROUNDS	
  	
  
£1.5	
  Bn	
  	
  
RAISED	
  
+	
  £1.22	
  Bn	
  
RAISED	
  FROM	
  5	
  IPOs	
  
	
  	
  
+	
  10	
  ACQUISITIONS	
  	
  
In	
  the	
  last	
  24	
  
months…	
  
Good	
  conditions	
  create	
  great	
  companies	
  
@techcityuk
@gerardgrech
9
This	
  is	
  why	
  40%	
  of	
  ‘$1bn	
  valued	
  tech	
  companies	
  are	
  in	
  the	
  UK	
  
and	
  the	
  digital	
  economy	
  is	
  growing	
  32%	
  faster	
  
+32%	
  	
  
than	
  the	
  wider	
  UK	
  
Economy	
  	
  
Growing	
  
Source:  Tech  Na<on  2016  Report,  Tech  City  Uk/Nesta
*based  on  58K  iden<fied  Digital  Businesses
@techcityuk
@gerardgrech
&
|	
  
	
  
	
  
Thank	
  you	
  for	
  listening.	
  	
  
Don’t	
  forget	
  to	
  check	
  the	
  Digital	
  Business	
  Academy.	
  	
  
Good	
  luck	
  today	
  &	
  tomorrow.	
  
Gerard	
  Grech,	
  CEO,	
  Tech	
  City	
  UK	
  
	
  	
  
www.techcityuk.com	
  
	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  @techcityuk	
  	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  @gerardgrech	
  	
  

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Expand London Opening Presentation

  • 1.     Gerard  Grech   CEO,  Tech  City  UK       @TechCityUK   @gerardgrech     September  2016   Developing  a    
  • 2. Who  are  we?  1.  programmes  |  2.  policy  convening  |  3.  advocacy     -­‐  Founding  stage   -­‐  20,000+  UK  sign-­‐ups   -­‐  17,000+  in  training   -­‐  Later  Stage   -­‐  £1.2bn  raised   -­‐  £1.bn  on  the  LSE   -­‐  10  acquisitions   Most  comprehensive   annual  analysis  of  the   UK’s  Digital  Tech   Economy     -­‐  Mid  stage   -­‐  Mentorship  program   -­‐  £180M+  raised   Accelerating  digital   growth  across   North  of  England   Concierge  service   for  fast-­‐growth  US   tech  companies   Dedicated  Visa   Scheme  for  hiring   digital  tech  talent   Alliance  between  the   UK’s  many  thriving   tech  clusters   Techcityuk.com   @techcityuk.com  
  • 3. 3 4  key  drivers  powering  the  UK’s  £89Bn  digital  economy   @techcityuk @gerardgrech Smart   Capital   Rich   ecosystem Business  &   policy   environment Cri<cal   mass  of   talented   people  
  • 4. 4 +2.8x  1.56M   UK  Tech  Jobs   Jobs  growing   41%   In  non-­‐digital  industries   like  educaGon  &  Finance   Faster  than  the   wider  economy     £50K   Average  UK  Tech   salary   +36%   Higher  than  UK   average  salary     1.  The  UK’s  tech  talent  pool  is  growing  fast     Source:  Tech  Na<on  2016  Report,  Tech  City  Uk/Nesta @techcityuk @gerardgrech
  • 5. 2.  $3.5Bn  Venture  Capital  invested  in  2015.  5x  more  than  2010.   More  funds  now  exist,  opening  up  new  opportunities  
  • 6. 8 3.  End-­‐to-­‐end  policy  conditions  for  tech  growth  are  ripe   >£2.75  Bn       latest  market  Cap   >£1.1  Bn   latest  market  Cap     4.  Corp  Tax:  17%    (joint  lowest  in   the  G20)       1.  Seed  Enterprise  Investment   Scheme  &  EIS:  50%  relief  on   capital  gains  tax   3.  Visas:  Entrepreneurs’  Visa,   Tech  Nation  Visa   2.  R&D  Tax  Credits:  fueling   innovation         5.  London  Stock  Exchange  high   growth  segment   @techcityuk @gerardgrech >£1.75bn  raised  via  EIS   and  SEIS  in  2014-­‐15  
  • 7.  4.  Rich  Ecosystem:  >60  UK  tech  accelerators,    >100  co-­‐                       working  spaces  &  50+  tech  business  support  orgs       @techcityuk @gerardgrech
  • 8. 38   ROUNDS     £1.5  Bn     RAISED   +  £1.22  Bn   RAISED  FROM  5  IPOs       +  10  ACQUISITIONS     In  the  last  24   months…   Good  conditions  create  great  companies   @techcityuk @gerardgrech
  • 9. 9 This  is  why  40%  of  ‘$1bn  valued  tech  companies  are  in  the  UK   and  the  digital  economy  is  growing  32%  faster   +32%     than  the  wider  UK   Economy     Growing   Source:  Tech  Na<on  2016  Report,  Tech  City  Uk/Nesta *based  on  58K  iden<fied  Digital  Businesses @techcityuk @gerardgrech &
  • 10. |       Thank  you  for  listening.     Don’t  forget  to  check  the  Digital  Business  Academy.     Good  luck  today  &  tomorrow.   Gerard  Grech,  CEO,  Tech  City  UK       www.techcityuk.com                          @techcityuk                          @gerardgrech