The UK is set to capitalise on the growth in education technology through Edtech UK, a new strategic body to promote the sector.
According to a new report by London & Partners and Edtech UK, the global education technology sector is worth £45bn in 2015 and poised to reach £129bn by 2020.
Edtech is one of the fastest growing tech sectors across Britain, with more than 1,000 start-ups across the country and over 200 based in London2. The sector is on a par with fintech as one of the fastest growing areas of the digital economy, accounting for 4% of all digital businesses.
Edtech UK aims to accelerate London and the UK’s leading position in the education and learning technology sector. The body launches with 25 founding members who include the fastest growing edtech start up and scale up businesses in the UK.
‘London has all the ingredients to become the edtech capital of the world – a thriving technology sector, the city is globally recognised for education excellence and a leading financial centre.’ Boris Johnson MP
Mayor of London Boris Johnson MP said: “London has all the ingredients to become the edtech capital of the world – a thriving technology sector, the city is globally recognised for education excellence and a leading financial centre. Londoners are also a highly diverse bunch from all over the world and are buzzing with ideas and a desire to learn. I have no doubt that Edtech UK will help drive forward this growing sector in the capital.”
Ian Fordham, CEO of Edtech UK added: “Edtech has come of age. The UK is home to some of the world’s leading schools, colleges, universities and education businesses. Edtech UK will be a pro-active organisation building and accelerating a vibrant education and learning technology sector and leading new developments with our founding partners. It will also be a front door to government, educators, companies and investors from Britain and globally.” â€¨
Edtech UK will provide a single point of access to key industry influencers, education institutions, technologies, talent, finance and international marketplaces. Members are currently comprised of startups, scale ups and global companies across the teaching, training, digital making, e-learning, tutoring, digital skills, sectors, among others.