Tech City UK chair Joanna Shields has said that start-up businesses have driven the recovery of the recession in the UK
Speaking at London Technology Week, Shields commented: “Things get better because companies start hiring people.
“If you look at the end of this recession, what actually pulled us out wasn’t the government – the government contracted – it wasn’t big corporations – they hired at 0.0x per cent – it was entrepreneur-led businesses, some small and just beginning, some scaling up. These are the companies that have driven the recovery.”
Shields revealed that London’s digital tech sector is expected to create £12bn worth of economic activity and 46,000 new jobs on the capital over the next 10 years, a claim that some publications are questioning.
Sky News argues that out of the 97 companies listed in the a pamphlet available at the press conference, only 32 are actually based in the UK, questioning how accurate those impressive figures are.
As the week-long event draws to a close, London Technology Week has hailed it a success, revealing that there were close to 40,000 attendees throughout the week across more than 200 independently run events.