Edinburgh takes top spot for technology companies

Hotspot Edinburgh is the home of Grand Theft Auto
Hotspot Edinburgh is the home of Grand Theft Auto
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Edinburgh has emerged as Scotland’s technology hotspot with the capital boasting the highest concentration of related businesses north of the Border.

The city – home to Grand Theft Auto creator Rockstar North – ranked ahead of West Lothian, Glasgow, Midlothian and East Dunbartonshire for the number of tech-focused companies in proportion to the total number of private enterprises.

KPMG’s “Tech Monitor” report, which tracks businesses’ performance, confidence and employment outlook, also suggests that technology companies in the UK outperformed all national industry sectors in terms of both business activity and new business growth during 2014.

Based on an index where a score above 50 denotes growth, the UK tech sector as a whole came in at 59.2 – outperforming the combined total for other private sector industries at 58.4.

The definition of a tech business encompasses a range of areas, including software publishing, computer programming, data hosting and electronics manufacturing.

David McKay, KPMG senior manager with expertise in the tech sector, said: “Despite slower growth during the last quarter, the overall picture for 2014 is upbeat for the tech sector in Scotland.

“Indeed, the survey signals the highest confidence among Scottish tech companies compared to the UK average since our records began in 2003. Particularly in Edinburgh, where the concentration of tech based businesses is more than twice the Scotland average.”

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