What’s driving the rise of Bristol’s tech sector?08 October 2018
Bristol is a city with strong business roots. What once was driven by a maritime trade in vital products in the middle ages (Brycg stowe) has now followed suit with UK as a whole in the shift to a service-based economy. Rivers and fish have now given way to motorways and information.
What hasn’t changed is the mentality. Bristol has always been, and will continue to be, a city made up of traders. The only thing to change is the trade itself. Today, due to strong connections to comparable locations along the M4 corridor and globalisation, Bristol is a city with a booming tech industry. So what’s behind this growth?
According to the most recent Tech Nation report, Bristol was ranked as the UK’s leader in digital tech productivity, offering £320,000 in turnover for each worker.
It’s telling, then, that Bristol was the first place in the world to demonstrate the capabilities of 5G networks, further chosen as one of seven UK cities to test the real-world offering by Vodafone.
This, along with being home to SetSquared - ranked as the world’s leading business incubator helping 2,500 UK startups raise over £1.5bn investment.
Ultimately, Bristol has the three key ingredients required for any economic success story: access to top talent, ready investment, and the infrastructure to make sure it’s all feasible.
With the University of the West of England, the University of Bristol and City of Bristol COllege within the city borders, the University of South Wales, Cardiff University and Cardiff Met directly West, and two further universities in Bath, Bristol is placed as an economic powerhouse with a regular stream of fresh graduates pulled from neighbouring locations.
If that’s not enough, the city also claims Wallace & Gromit as two of its favoured sons. Unlucky, Reading.