Glasgow

By

Emma J

Last Updated: 11, September 2024

Glasgow

  Number of Digital Jobs
  Digital GVA
  High Growth Firms
  Startup Births
  Average Advertised Digital Salary
  Tech Sector Growth Potential

What’s there

Once an industrial powerhouse, Scotland’s largest city is now a digital tech heavyweight where business, trade and investment flourish.

Glasgow’s universities, and the University of Strathclyde in particular, provide a rich seam of talent. Strathclyde has formed more than 50 spinout companies with annual sales of £80 million.

A wide range of digital tech sectors are represented in the city, from fintech and e-commerce, to social networking and enterprise software. Space technology is also taking off, as evidenced by Alba Orbital, Spire and Clyde Space.

The city’s startups and entrepreneurs are well supported by co-working spaces such as RookieOven, meet-ups including Glasgow PHP, and organisations like Creative Clyde, which aims to promote Glasgow’s creative industries.

What’s new

During its tenure as the official European Entrepreneurial Region of 2016, Glasgow witnessed the establishment of new tech festival Techaus and new co-working space Think Tank. What’s more, CodeClan, Scotland’s digital skills academy also expanded into the city.

Meanwhile, iconic building the Tontine has been reinvented as a centre for technological innovation, as part of a £1.13 billion Glasgow infrastructure deal. The Tontine is expected to support the development of 134 high-growth companies over five years.

What’s up next

Glasgow city centre will be home to Scotland’s first city Innovation District. Bringing business, academia and government together to grow the health, life sciences and engineering sectors. The district will be co-located at Strathclyde University’s Technology & Innovation Centre, Scottish Enterprise’s Innovation Building and the Tontine Building.

  • Dr Graeme Malcom

    CEO & Founder, M Squared Lasers

    What we do

    Fast growth photonics technology company M Squared designs precision lasers for scientific and commercial applications. The company also undertakes extensive R&D; into future technologies in areas such as quantum computing, medical research and the detection of chemical warfare agents.

    Why Glasgow?

    M squared lasers are produced at our Glasgow headquarters and shipped all over the world.
    Since the invention of the first rangefinder during WW1, Glasgow has been a centre of excellence for optical imaging and lasers. M Squared benefits from the region’s wealth of experienced scientists
    and partners.

  • Tom Walkinshaw

    CEO & Founder, Alba Orbital Ltd

    What we do

    Alba Orbital design and build PocketQubes – the smallest satellites in the world. Even smaller than the more widely available CubeSats, these reduce the cost of access to space for companies and academia alike.

    Why Glasgow?

    Glasgow has an abundance of skilled graduates and professionals, which has led to three satellite companies being located here. Having the right people on your doorstep is a key competitive advantage.

Economic stats

25,992 Number of Digital Jobs Number of digital jobs – An estimation of employment in the digital tech industries and the digital tech economy. The APS has allowed us to capture digital embeddedness, that is digital experts working in non-digital industries. It also coves freelancers and self-employed workers. (Source: ONS Annual Population Survey)

0.54 Digital Concentration Digital concentration / Location quotient (LQ) – Indicates the geographic concentration of digital business turnover relative to the UK. A value of one indicates average digital concentration, while a value of greater than one indicates a higher concentration. (Source: BSD)

£591 million Digital GVA GVA (Gross Value Added) – Average digital GVA between 2013-2015. GVA measures the contribution of each economic unit by estimating the value of an output (goods or services) less the value of inputs used in that output’s production process. (Source: ABS/BSD) .

19% High Growth Firms High growth businesses – Proportion of digital tech businesses classified as high growth. Refers to businesses with 10 or more employees that are in the top 10% of all companies in terms of growth. (Source BSD, 2015).

331 Startup Births Startup births – Average number of startup births 2011 – 2015 (Source: BSD)

32% Turnover Growth
£48,404 Average Advertised Digital Salary Average Advertised Digital Salary – Digital tech economy average salary (2016) in each cluster (source: Burning Glass)

Standard of living

7.45 Life Satisfaction Life satisfaction – Life satisfaction (10 pt scale, ONS data)

£166,070 Average House Price Average House Price – Semi Detached Average House Price (Land Registry, Dec 2016)

3.4 Housing Affordability Ratio Housing affordability ratio – House price to salary ratio

Cost of doing business

29.5 Commercial Rent Per Annum (£ sq/ft) Commercial Rent Per Annum (£ sq/ft) – Prime office rents (JLL< 2016)

What local startups say is good

88% Overall Quality of Life
81% Tech Sector Growth Potential
69% Cost of Living

What local startups say is a challenge

55% Poor Digital Infrastructure
55% Poor Transport Infrastructure
55% Lack of Supply of Highly Skilled Workers
Download more details on survey responses for this cluster