Tech Nation reveal insights into talent landscape

Today, Tech Nation, the growth platform for tech companies and leaders, launches a new report that reveals insights into the international talent landscape and provides an update on the Global Talent Visa for Digital Technology.

Demand for the Tech Nation Global Talent Visa has continued to rise, with a growth of 45% and 48% in the past two consecutive years.

It is expected to rise in 2021 as, from January, the Tech Nation Visa will be opening up applications to exceptional tech talent from the EU.

Tech Nation: Business distribution across the U.K.

In 2020, the Global Talent Visa has enabled 421 founders to set up businesses in the UK, up from 400 in 2019.

This global talent is distributed right across the UK, as 41% of endorsed applicants for the visa are based outside of London, working in the UK’s strong regional tech hubs.

AI & machine learning is one of the most popular sector destinations for Global Talent Visa holders, reflecting continued demand for tech skills in this area.

Northern Ireland has seen the largest increase in demand for AI skills in the UK at 418% over the past three years, followed by Wales at 200% over the same time period. Demand for cyber and fintech skills has also increased by 178% and 10% respectively.

The data shows that there has been a 200% increase in the volume of users in the UK searching online for terms explicitly related to ‘UK tech visas’ between April and September 20201 reflecting profound shifts in the labour market.

This surge in interest to work in the UK’s digital tech sector is reflected globally too, with a 100% increase in users internationally searching for these terms in countries like the US and India.

Farzad Parvinzamir, Lead Senior Engineer at Queen’s University, Belfast, and Advisory Board Member of INCISIV, said: “Seeing numerous opportunities in the field of technology and how the UK digital sector values talented people from all over the world, motivated me to work here in the UK and continue contributing to the UK tech field.”

Quotes

Stephen Kelly, Chair of Tech Nation, comments: “The UK is a global talent magnet for Tech founders. The UK provides rich opportunities for entrepreneurs to set up, flourish, and scale a business. The Global Talent Visa is crucial to making this process easy and accessible.”

“Tech Nation’s Visa Report shows that, despite the pandemic, international interest to work in the UK tech sector has never been higher.

Attracting tomorrow’s tech leaders to the UK is crucial to the continued growth of the sector, the UK’s place in the world, and driving the nation through recovery to growth in the digital age.”

Minister for Digital and Culture Caroline Dinenage said: “It’s no surprise the UK’s world-beating technology sector appeals to international talent.

Our dynamic companies reflect the UK’s long-standing reputation for innovation and are renowned on the global stage.

“We are open to the brightest and the best talent, and this visa scheme makes it easier for companies across the country to recruit the talent they need to grow.”

Trecilla Lobo, SVP, People at BenevolentAI and Tech Nation Board Director, said: “The UK tech ecosystem continues to contribute to the creation of jobs and to innovative products and services.

The Tech Nation Visa enables the UK tech sector to maintain its competitive advantage by attracting the best talent in specialist skills in tech, research, and AI and a more globally diverse perspective to help us innovate and create amazing products and services.”

“As an immigrant to the UK in my late teens, the UK visa scheme has enabled me to bring my experience, expertise and contribute to the people agenda for tech scale-ups in the UK, and helped me build a successful career in tech.

I am really excited that the Tech Nation Visa will open opportunities and streamline the visa process for future global tech talent.”

About Tech Nation

Tech Nation is the growth platform for tech companies and leaders. Tech Nation fuels the growth of game-changing founders, leaders, and scaling companies so they can positively transform societies and economies.

We provide them with the coaching, content, and community they need for their journey in designing the future. Tech Nation has years of experience facilitating and helping UK tech companies scale, both at home and abroad.

Over 25 cohorts and 700 companies have successfully graduated from Tech Nation’s growth programmes. Alumni include Skyscanner, Darktrace, and Monzo.

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