More than 40% of Tech City companies say a shortage of skilled workers is the biggest challenge they face, with three quarters blaming the employee shortfall for restricting growth.
Research firm GFK interviewed 141 founders, chief executives, managing directors and chief operating officers of Tech City-based companies during March and April this year and also found a third believed a lack of access to capital is hindering their businesses.
Others have criticised the Government’s involvement in east London’s Tech City, claiming an emphasis on building public relations as opposed to helping develop the area’s infrastructure.
The report claims: “There are mixed feelings about the effectiveness of Government support. While some initiatives have gained widespread support, others have been criticised for an emphasis on what some perceive as PR as opposed to helping develop Tech City’s infrastructure.”
Chosen excerpts by Job Market Monitor
via Tech City Startups Hit By Skilled Manpower Shortage – IBTimes UK.
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