Given the growth of the technology sector in Britain in recent years (Tech City reckons the UK Technology scene has grown ten-fold since 2010, securing, by way of example, $1.6billion of venture capital funding in the first nine months of 2015 alone, eclipsing previous VC investment levels) this is hardly a surprising development, but is it a worthwhile investment for our schools? 

I can't see how it can't be.

Recent surveys conducted by Tech Nation indicate that:

  • the UK’s digital tech Industries are growing 32% faster than the rest of the UK economy (in turnover...let's just put the elephant in the room that is Brexit aside for the time being...); and
  • the estimated turnover of UK digital tech industries reached £161bn in 2014. The digital tech industries are credited with creating employment opportunities and accounting for approx 1.56M jobs across the UK at the time of writing.

The above aisde, Tech City also reckons that:

  • over the next ten years the number of digital technology companies in London is expected to rise to 45,000 and create more than £12 billion of economic activity, according to research by Oxford Economics;
  • of the 17 UK tech unicorns, 13 are based in London. More than the total of Sweden and Germany put together There was a 92% increase in new digital companies incorporated in Inner London between 2010-13;
  • London has become the FinTech capital of the world – with more people employed in the sector than any other city worldwide, standing at 44,000 (1,000 more than New York); and
  • London is a major hub for big data. There are an estimated 54,000 big data workers within 25 miles of London, compared to 57,000 for New York City and 98,000 for San Francisco/Silicon Valley.

I think the UK kids of today should get the [Micro] Bit between their teeth.