There are few sectors that are excelling as much as the tech industry at this moment in time. It is thriving to the degree that as many as nearly 900,000 people in the UK’s biggest city are now working in the sector, which includes tech jobs making up more than 11% of the vacancies in some of the most sought-after areas. This sector has grown in demand over the past couple of years, as millions are looking to get well-paid jobs in the industry, and the trends only suggest that this is likely to continue.
Why Do People Work At Tech Companies?
Tech jobs have been on the rise over the past couple of years, with a growing number of professionals looking for roles that suit their skillsets. It has also been proven that jobs in this sector are extremely good at dealing with their employees, as recent surveys have found that 19 or the top 50 companies to work for according to Glassdoor are technology firms.
There are many reasons why people opt to work for tech companies, but there has been an extra emphasis on the flexibility that comes with hours which in turn has a profound impact on the work-life balance of its workers. Furthermore, many of the leading tech companies also have a good culture, according to Glassdoor, and there is clear career growth available to those that are looking to work their way up through the companies. But, where are the best places to work in London for those looking to get started in the tech industry over the coming years?
There are some areas around London that all tech nerds will be aware of, and Old Street is one of the most sought-after. It has quickly been given the nickname Silicon Roundabout, taking homage from the famous hub of technology in California. There’s no surprise for that nickname given that Old Street boasts the highest concentration of tech companies in the United Kingdom, with roughly 50,000 tech employees and 2000 startups located around the close area of the street.
Its reputation has only improved over the past couple of years, and it is now revered as the heart of the tech industry in London, and one of the most powerful digital clusters in the world. However, due to its success, office prices in the area have skyrocketed over recent months, which has only made it harder for budding startups in the Second City.
There are few more popular places in London for tech experts in the modern day than Camden. In fact, it was recently voted top when it comes to the tech scene’s desire to drive growth in the British capital. It was revealed in 2018 that around 2,110 new businesses in the tech sector were created in the area, which was more than any other part of the city. However, Westminster was a very close second, as ten fewer startups were established in the hub of the city. A number of huge companies have set up a base in Camden, including leading gaming provider Betway casino.
As well as one of the biggest online betting companies, the tech industry has also become hugely popular in the area with AI company Deep Mind and Monese both operating out of the iconic area of the London city. The continued support that tech companies will give to the local area will mean that more jobs will be created. Furthermore, the names of some of the companies are those that will be known around the world, which will only help their credibility.
When it comes to tech startups there are very areas that have become more familiar for those individuals looking to establish a base than Shoreditch. The area in East London has become synonymous with the tech industry over the past couple of years and has proven to be a more affordable alternative than many of the more expensive locations around the city, including Old Street. Plus, tech startups in the area are still very much in the heart of the action in Shoreditch, as they are just a stone’s throw away from Old Street.
It has turned into a creative hub of professionals in recent years, with companies such as Foodtech, Magora and Hoffman Europe all setting up their offices in the area. It is also an extremely popular alternative, given that people working in Shoreditch can easily commute into the heart of the city and talk to potential clients. More and more companies are opting to start up their business in the area, and like in other areas, that will only help them become more successful in the long-term. The big-name companies have already stepped foot in the area, which means that it will be no surprise to see the prices increase soon.