Tech firm’s growth plans could benefit IT professionals

(2 minutes to read)

IT contractors might be interested to learn that a recent survey has revealed that many tech firms are predicting further growth in 2017.

According to the latest findings from Smith & Williamson, as many as 74% of tech entrepreneurs and business leaders are looking to develop their firms, which could in turn result in more job opportunities for those with the right skills.

Sancho Simmonds, partner and scale-up lead at Smith & Williamson, commented, “Despite uncertainty in the UK, and wider economy, there are a lot of things going for tech companies as we move in to 2017,”

“There is a wealth of expertise available, a developed economy, a collaborative environment, a friendly tax regime and a relatively accessible supply of funding. Indeed, over half of our respondents felt that access to funding was improving.”

According to the research, it is the option of crowdfunding that has made this growth a possibility for so many businesses.

Simmonds added, “Tech companies are increasingly happy to use the innovative funding options available to them. This has forced the more traditional lenders; banks and angel investors, to become more tech savvy. 

“Where lenders may have once seen unknown risk, there are now experts who are able to understand the industry and the potential lendee’s place within it. These developments have been hugely beneficial to tech start-ups and scale-ups.”


Daniele Cantello is an Contract Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies. Learn more about Daniele on Google.


 

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