The latest revelation will be a boon for Johnson after he invested £285,000 into 20 social projects across the city, at which time he hailed the “creativity and enterprise of Londoners” in September.The figures were calculated by Johnson’s London & Partners company and developer community Stack Overflow to find that London has over 71,000 professional developers, which exceeds all European cities. According to the data, Paris is the nearest competitor with 40,500 IT programmers. It even exceeds the likes of New York City and San Francisco, the latter of which is often trumpeted as the tech hotspot of the world, given its the home of A-list digital businesses including the likes of Facebook, Apple, Google and Netflix. Additionally, the London workforce is set to soar further still in the next ten years, with a growth of 22 per cent to 239,700 tech workers by 2025. In fact, the research from Oxford Economics expects that employment growth in the sector will outstrip the national average of 6.4 per cent. “London is a hotbed for tech talent. With Europe’s fastest growing tech hub and some of the world’s leading universities, London based businesses can benefit from access to an unparalleled talent pool,” said Johnson. “Five years on since the creation of the Tech City project, the capital’s booming tech sector has gone from strength-to-strength and continues to be a leading source of jobs and growth for the London economy.” Meanwhile, the number of tech businesses operating in the city by 2025 is set to hit 51,500 – a 92 per cent growth since the Tech City project was launched by Johnson and the prime minister. Salary is a big attraction for London tech workers according to the findings, as developers in the city are among the best paid with an average salary of £56,830 annually.
Read more on London’s tech industry:
- The birth of Tech.London: How IBM benefits from backing “Type A” London tech startups
- London takes the lead in the European tech race
- London tech investments at record high with 66 per cent growth
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