Latest Blog entries in CleanTech Recruitment

Seed-Stage Funding for UK Startups Falls by Over 80%

There was an 83% fall in seed-stage investment in UK startups between 23rd March and 17th May 2020 compared to the same period in 2019, according to research by Plexal and Beauhurst.

Overall UK tech startup funding saw a 50% drop year-on-year during the same period, confirming that, although many startups are struggling to raise funds, seed-stage startups have been the hardest hit.

Remote Working: Coronavirus Could Cause a Permanent Shift to Home Working

The Coronavirus pandemic could result in the permanent move to remote working for many people, as companies are forced to encourage home working to slow down the spread of the Covid-19 virus.

After being forced to set-up a home office and get used to using cloud remote working tools, employees will be reluctant to return to commuting to the office 5 days a week and asking if they need to do this. This might be an opportunity for huge change in the way we work.

Weaker Pound Secures Record Investment in UK Tech Sector

Fast-growing UK tech companies secured a record £5.5bn in foreign investment in the first seven months of this year, according to research for the government’s digital economy council. The study for the Department of Digital, Culture, Media and Sport (DCMS) revealed that the UK has overtaken the US for the amount of investment per capita.

Funding growth was driven by US and Asian investment in private companies valued at more than $1bn, such as a renewable energy company Ovo Energy and takeaway business Deliveroo.

Women In Tech

Further to National Women’s Day on the 8th March, RWA delves into statistics to find that women are a minority in modern day tech. Despite the fact that women have always been instrumental in technology development, according to a survey by PwC, only 15% of employees in STEM roles in the UK are women and only 3% of females say that a career in tech is their first choice.

CleanTech Momentum - The Growth Of Digital

BP has announced plans to invest US$500 million (£358.5 million) in low carbon businesses each year as it looks to further embrace the low carbon transition.

The oil and gas giant has just reported its 2017 financial performance - a full year underlying profit of US$6.2 billion - allowing the firm to continue with its five-year strategic plan to embrace the energy transition.  The investment commitment mirrors Shell’s recent plans to invest as much as US$2 billion per year in low carbon development.

AI’s Impact on UK Jobs In The Future #2

The CBI is calling on the government to establish a joint commission tasked with examining the impact of AI on people and jobs across all sectors of the UK economy.

Based on research it conducted into the way that technology is changing the way we live and work, the CBI said recently that it had identified three technologies - AI, Blockchain and the Internet of Things - that are set to move from the fringes to the mainstream within the next five years.

Oxford’s Tech Sector Moves Into Second Place Behind London

Oxford’s growing technology sector has helped it move into second place, behind London, in a table of UK cities ranked by total economic output.

According to the Q4 2017 UK Powerhouse report, Oxford’s output was valued at £498m and its economy £8.3bn, a rise of 2.2% in the 12 months to the end of June.

The report was produced by law firm Irwin Mitchell and the Centre for Economics and Business Research and estimates growth and job creation across 45 UK cities.

M4 Corridor Digital Tech Clusters Lead The Way Outside London

According to the Tech Nation 2016 report, the Reading and Bracknell tech cluster is now the country’s largest cluster of digital businesses outside London. The area around these two towns is the home of digital businesses which contribute about £10bn in annual turnover to the British tech economy.

The Clean Energy New Economic Revolution

So, a couple of months after the momentous public and private sector commitments involving billionaire movers and shakers such as Bill Gates, Mark Zuckerberg, Richard Branson, Reid Hoffman, Jeff Bezosh and other high-profile entrepreneurs to pledge to spark a “new economic revolution” based around clean energy through launching a new investment drive for renewables…..it’s instructive to look back and reflect on the issues - and exactly what was agreed.