Bristol has been ranked sixth in a list of the UK’s leading hubs for technology outside of London, according to the UK Tech Cities report published by global real estate advisor CBRE.
The report ranks the top 15 Tech Destinations in order to inform the decision-making process of both occupiers and investors. All markets across the UK have been scored and ranked based on a number of factors including access to skilled talent, availability of office space, proximity to institutions providing high quality tech education, cost of living and cost of employment.
As well as being home to 3,140 tech companies, Bristol scored highly for its provision of computer science degrees at both the University of Bristol and UWE Bristol.
This latest report follows on from the firm’s 2019 UK Tech Cities report, when Bristol took 11th place.
Tom Morris, Managing Director at CBRE Bristol said:
“Bristol remains a magnet for tech talent, thanks to our strong universities and the appeal it holds as a great place to live. Our presence in the top 10 UK Tech Cities reflects how our city is attracting more tech companies of all sizes that are contributing to a thriving tech scene that’s playing a big part in office space demand. “Looking to the future, flexible office space is a big priority for tech companies that want to use their office base like an incubator, expanding and contracting with the size of their company.”
Mike Gedye, Head of Tech Sector vertical, CBRE said:
“Across all cities, the UK tech sector has seen significant growth over the last decade and shown it is far from being a fleeting trend - but here to stay. Resilience over the pandemic period has proven to investors that venture capital funding into the UK tech sector will deliver success. Tech companies are now more than ever competing for the best talent and post-pandemic have broadened their horizons in hiring a more distributed workforce and will drive a new era of regional tech demand. The regionalisation of the tech sector beyond London and the South East will also be critical to sustain the UK’s ability to innovate and compete on the global stage.”