Technology jobs boom in Cambridge
Vacancies in Cambridge’s Technology, Media and Telecoms (TMT) sector have increased by 23 per cent year-on-year in 2019, despite Brexit concerns and the upcoming general election, according to new data from the Association of Professional Staffing Companies (APSCo).
The report, based on research by jobs market analyst, Vacancysoft, also shows that demand for professionals across the board rose by 15 per cent between 2018 and 2019, which is particularly strong given the current political climate.
There is also increased demand for marketers and public relations professionals with vacancies up by 18 per cent. This uptick may, in part, be attributed to Cambridge University Press drastically increasing its hiring by 170 per cent.
IT was also noted as a fast growth sector, with hiring up by 11 per cent in 2019, which is no surprise as technology positions are attracting 30 per cent more applicants in the city now than they were five years ago.
More than 300 tech startups launched in Cambridge alone over the past year, adding to the thriving scene. Cambridge based superchip company, Arm Holdings, which is often referred to as Britain’s most successful tech expert, increased vacancies by 62 per cent.
Rina Durban, membership relations manager at APSCo said: “It’s fantastic to see that Cambridge’s job market is withstanding Brexit pressure, with employers based in the city committed to growing headcount despite political uncertainty.
“While the UK may be going through a period of change, the city has always attracted skilled professionals and businesses across a variety of sectors.
“Thanks to the rich talent pool from the university, there are a number of new, leading tech companies starting up in the area, helping to boost vacancy numbers and ensure hiring continues on an upwards trajectory. The population of Cambridgeshire is forecast to grow by approximately 25 per cent between 2013 and 2036 and it’s likely that job growth will continue to flourish in line with this projection.”