Brevia

The UK has a global reputation in technology and is the fourth most trusted technology sector in Europe, stemming from a strong science base and tradition of innovation which gives it a particular advantage in research and development. The industry is fast moving and ever-changing, making innovation and an ability to keep ahead of trends vital for a company’s success. Such pressure to adapt and keep up with industry developments is one of the biggest constant challenges facing those within the sector.

Another key challenge for the industry is to increase the amount of engineering and technology graduates from the UK, since currently overseas students make up over 70% of these graduates.  Working with the education sector through encouragement and investment in promotion of STEM subjects in education is therefore cited as a top priority by the industry, so that future UK talent in technology is secured. Furthermore, there is a need to link academia and business more strongly in order to help capitalise on and commercialise scientific expertise. In the short term, regulatory reforms will also affect technology companies. Therefore, the sector will have to work closely with the Government to ensure an appropriate business environment for the industry.