London offers the best opportunities in the UK for women working in the technology sector, but more work to be done as one in ten tech teams have no female employees, according to new research.
London’s tech community offers the greatest opportunities for British women in tech with 40 per cent of the entire country’s female tech workforce employed in the capital, according to research released during London Technology Week, and coinciding with Computer Weekly’s top 50 UK Women in Technology awards.
The survey of over 3700 working professionals across Britain by the technology recruitment firm Mortimer Spinks, also reveals that London is the best location in the UK for women to build a business, and that women tech workers in London are 2.5 times more likely to work for a tech start up, than their counterparts in the rest of the UK.
London’s tech companies also lead the way in promoting better opportunities for women with almost a third saying they have formal initiatives in place to recruit more women to the workforce, compared to less than a quarter in the rest of the country1.
Despite the tech industry’s progress, the findings also suggest there is still a lot of work to be done. One in 10 tech teams in London have no female employees and more than half say that less than 15 per cent of their teams are women.
The Mayor of London, Sadiq Khan has stated that he wants the sector to be open to all Londoners and aims to reverse the under-representation of women in the industry.
The Mayor of London, Sadiq Khan said: “London Technology Week has shown how the capital is the most important tech hub in Europe with its vibrant mix of investors, talent and creativity. Although the sector is flourishing, it is vital that we actively encourage more girls to work in digital and tech to reverse the under-representation of women in this industry. Our current female tech pioneers are the role models for the next generation and as the father of two teenage girls, I want them to have the same opportunities and aspirations. I am determined to work hand-in-hand with individuals and employers like these to nurture more young female entrepreneurs that will contribute to London’s economic prosperity.”
The Mayor’s calls for greater equal opportunities for women are echoed by separate research findings announced earlier this week by London’s leading private sector technology network group, Tech London Advocates. A survey of the group’s 3,000 members found that a fifth (18 per cent) of companies within London’s tech community still have no women at board level 2.
However, London’s tech community is making good progress, with a fifth (21 per cent) of tech companies involved in the research claiming to have a female chief executive”.
Russ Shaw founder of Tech London Advocates said: “Technology’s gender problem has not gone away. Female CEOs have been instrumental to the rise of London’s tech sector, creating some of the city’s most exciting businesses, but the lack of wider representation for women at senior levels is shameful.”
“London Technology Week is an opportunity to celebrate the opportunities technology companies hold for all Londoners, cutting across age, gender and background. Simply put, failing to harness the creative potential of those currently under-represented in the industry makes bad business sense.”
Female founders are an important driver of growth for London and the UK’s economy. According to recent research from Founders4Schools, women-led businesses make up 11 per cent of UK SMEs.
Last month the Mayor’s International Business Programme helped lead a female-founders trade mission to Silicon Valley designed to help the founders maximise opportunities to expand their business and secure extra funding from the US market. The trade mission was led by London & Partners, the Mayor’s official promotional company in partnership with Silicon Valley Comes to the UK (SVC2UK), the Mayor’s International Business Programme and the British Consulate General in San Francisco.
Jessica Butcher, Co-founder and Director of Blippar commented on the outcome of the trade mission: “The mission was a fabulous experience bringing together some of the best British female entrepreneurs to both network with each other and learn about how to scale our tech businesses faster to better compete on the global stage. We came home invigorated and suffused with energy and practical advice, plus as a ‘tribe’ – committed to each other’s success and resolved to step up more publicly as role models to encourage more young women into the technology sector.”
Janet Coyle, Principal Adviser on the Mayor’s International Business Programme and MD SVC2UK at London & Partners, added: “We chose only women led high growth companies (growing at an average of 230% per annum) for the Trade Mission which meant we could open doors with senior leaders in Facebook, Google, Linkedin, Uber and others. It was a great opportunity to showcase London’s talent as well as helping our female entrepreneurs to connect and seek new business and investment. We are continuing to attract more female entrepreneurs into our programme and will continue to provide them with mentors, networks and bespoke opportunities to help them expand internationally.”
London Technology Week 2016 will see a record number of over 300 events take place across the capital from 20-26th June. This year’s festival of events has seen a large focus on promoting diversity across the tech sector including Tech London Advocates Advocating Inclusivity event at the London Stock Exchange, the BBC’s Women in Technology networking event and the unveiling of Computer Weekly’s Top 50 UK women in tech, to be announced on Thursday.