CBRE Rate Glasgow
Glasgow is the second top UK tech destination based on CBRE report.
15:53 01 May 2019
An influential Tech Cities report released by CBRE has named Glasgow as the second top UK tech destination after Manchester. CBRE Group is a Fortune 500 and S&P 500 company headquartered in Los Angeles. It is the world’s largest commercial real estate services and investment firm based on 2018 revenue. The cities were ranked based on their high concentrations of tech businesses and tech professionals, a strong creative arts legacy and generational diversity.
CBRE Scotland chairman Doug Smith said: “The fact that Scotland’s two principal cities are ranked so highly in the UK outside London is an incredibly positive story. The digital tech sector added £14 billion to the UK economy in 2018, up 8% since 2016, and the sector is growing three times faster than the rest of the economy. The creative industries sector - which encompasses businesses from tech to media and telecoms - is therefore fundamental to the future success of Scotland.”
Councillor Susan Aitken, leader of Glasgow City Council, said: “Glasgow’s reputation as an innovative, forward thinking, thriving and progressive city is firmly established. Our commitment is for Glasgow to be sector leading in a number of growth industries - including the digital and tech sectors - and we are delighted that our city has moved up the rankings in this year’s CBRE report. Next year I want Glasgow to be top of the list!”
Councillor Adam McVey, leader of City of Edinburgh Council, said: “This is a very positive report and we are delighted to see Edinburgh (and Glasgow) leading the way. But we are not complacent. We know that challenges to growth remain, in particular creating the flexible scale up space the tech sector needs. Edinburgh has set out bold ambitions to be the Data Capital of Europe. With partners such as our universities, Codebase, and companies at all scales, the future is a very exciting one for tech in the Capital.”