Expansion expected for British IT Companies

Over two thirds of British technology firms expect to expand despite the economic downturn, according to trade body Intellect

Of the 86 senior executives at UK IT companies surveyed, 67% expect their business to expand over the next six months, according to a survey by IT industry body Intellect.

That promises to drive job creation in the sector – 43% of respondents said that they were very likely to hire new staff in the same period, and 39% were considering it.

“Big companies and investors are no longer shying away from investing in innovation or new talent. This is why the entrepreneurs and tech start-ups of today shouldn’t be afraid to push their ideas right to the top and ensure they live up to their true potential,” said Phil Smith, CEO of Cisco UK and Ireland and chair of the UK Technology Strategy Board.

“The relationship they have with technology is unique and their originality and affinity for IT amazes me, so there is no reason as to why the next Twitter or Google can’t come out of the UK,” Smith said.

For more information
www.telegraph.co.uk/finance

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