On the eve of this year’s annual tech festival, Digital Shoreditch, research outfit, Gfk has released a report on how Tech City businesses are coping with funding and finding skilled staff. Amongst its key findings:
- Nearly half (44%) say a lack of skilled workers is the biggest challenge they face
- Over three quarters (77%) say a lack of skilled workers is restricting growth
- A third (33%) believe a lack of access to capital is hindering their business. A similar number (29%) say as a consequence their company is missing significant business opportunities to expand
- There are mixed feelings about the effectiveness of Government support. Whiles some initiatives have gained widespread support, others have been criticised for an emphasis on what some perceive as PR against developing helping to develop Tech City’s infrastructure
Take a look at the full report here.