#LDNTechWeek: Tech City’s Future Fifty are creating jobs at six times national average
Tech City UK’s Future Fifty grouping of fast-growth digital companies are increasing their staff numbers at more than six times the national average, according to figures released for London Technology Week.
Future Fifty companies, including the likes of Transferwise, Huddle and Moo.com, increased their workforce by an average of 30% from June 2014 to 2015, while the national average rests at 5.4%.
Along with 12 companies that have already graduated from the programme, the Future Fifty now employ some 17,000 people worldwide.
Software developers made up the majority of hires, followed by customer service roles, then sales positions.
Future Fifty companies are also smashing funding rounds, raising a combined £443m in funding since this time last year, with four alumni, Ao.com, Horizon Discovery, Just-Eat and Zoopla, going public to raise a combined £1.18bn.
“This data reflects our own research, confirming the explosive growth of the UK’s digital businesses,” said Andrew Hunter, cofounder of Future Fifty company Adzuna. “It’s an exciting time to be part of the UK’s digital community. Fuelled by record investment, we’re witnessing significant job creation in a maturing sector that is developing into one of the UK’s main employers.”