Reading top for technology businesses according to KPMG report

Professional services firm KPMG analysed technology clusters around the UK and found the town has the largest footprint of tech enterprises per capita.

Article Image
A new report has listed Reading as the number one regional technology centre in the country.

Professional services firm KPMG analysed technology clusters around the UK and found the town has the largest footprint of tech enterprises in the private sector business population.

Reading’s proportion of tech firms stands at about 19 per cent, which is three times the national average.

Almost one in five businesses in Reading are classed as tech companies and the pattern spreads through the M4 corridor; Hounslow through to Slough, Bracknell and Wokingham.

Barry Carter, partner at KPMG Reading, based in Theale, said: “The M4 corridor is the lifeblood of tech sector enterprise, with companies attracted by fast transport links into London, a highly skilled local workforce and purpose built business parks.

“Reading is also set to benefit further from faster connections from rail electrification on the Great Western Main Line.”

He continued: “The Thames Valley and South East have played leading roles in the UK tech sector growth story.

“The focus should now turn to replicating this success to other parts of the UK, to benefit both the sector and the economy as a whole.”

The KPMG report also found the tech sector is on course to enjoy its fastest year of expansion since 2007, outperforming all UK industry sectors in terms of both business activity and new business growth during 2014.

Based on an index in which any score above 50 indicates growth, the UK tech sector scored 59.2, which outperforms the combined total for other private sector industries, which was at 58.4.

However, there was a note of caution with the index showing that momentum had slowed down in Q3.

Mr Carter said: “The UK tech sector is increasingly being seen as a bellwether for the wider economy and is in no way immune to macroeconomic concerns.”

Nigel Horton-Baker, executive director at Reading UK CIC, said: “The tech sector, along with finance and business services, has been a pillar of Reading’s economic strength for a number of years.

“The KPMG reports bears out the importance of co-location in Reading for businesses in a similar sector, as well as the ease of access to markets and Reading’s skilled workforce for these innovative businesses.

“The combination of good sustainable business growth in modern companies, a skilled workforce and excellent transport links into and around Reading can only mean good news in terms of job prospects for those living locally or those able to commute into Reading, while the current and future investment in our business parks, town centre office space and transport infrastructure should only cement Reading’s place as home to the UK’s tech sector.”

For more information speak to one of our experts on: 01865 481491 or email:

Latest Articles

2nd April 2015 UK Regions See Rental Growth
10th February 2015 Manchester Named as Buy-to-Let Hotspot
28th January 2015 One Smithfield Square Completes
20th November 2014 Reading top for technology businesses according to KPMG report
7th October 2014 Stratford to benefit from 24-hour weekend tube services
3rd September 2014 Manchester Tops the Growth Table
7th August 2014 Fewer tenants facing rental arrears in the UK
11th July 2014 Rental costs in UK rising, but tenants can afford it, latest index suggests
23rd June 2014 Renting costs less than owning thanks to house prices
17th June 2014 Reading nets buy-to-let investors increased returns
2nd June 2014 Buy-to-let to overtake pensions as primary retirement finance
29th May 2014 Manchester included in buy-to-let hotspots
7th February 2014 Is London a drain on other UK cities?
7th February 2014 Reading is named as best in the UK for employment
27th November 2013 Renting is more affordable than buying across more of London, index shows
21st November 2013 Government takes more steps to force all letting agents to join redress scheme
13th November 2013 Modern Living Properties complying with the new rules for property ads
7th November 2013 UK private rental sector rents set to grow by over 20% by 2018
5th November 2013 Landlord advice: how to maximise return
29th October 2013 Energy prices: the world's cheapest and most expensive places
29th October 2013 Home insurance premiums continue to drop
29th October 2013 Confessions of a removal man: 'We emptied the wrong house'
24th October 2013 Average rents in the UK up and new tenancies all see considerable growth