06 Oct, 2021

New data shows Preston to be the UK’s fastest growing city for tech

Preston Street

The number of digital jobs in Preston has grown a staggering 53% between 2018 and 2020. The data was analysed by job search engine Adzuna for the Digital Economy Council and Tech Nation Shows.

In 2018, tech jobs accounted for 11% of roles advertised in Preston, but the study has shown this to have increased to 17% in 2020. The additional demand in the technology sector has had a direct effect on advertised salaries. The medial salary for digital tech roles was £33,500 up from £32,500 two years earlier.

Digital Secretary, Nadine Dorries said: “I am delighted to see Preston has become a hotbed for tech with an explosion of demand for developers and system engineers across the city.”

Andrew Hunter, co-founder of Adzuna, added: “Preston is a clear example of the power of technology, and that you don’t have to live in a capital city or even a major city to have a dynamic and exciting career. With more IT-related opportunities than ever before, software developers and project managers alike are very much in demand in Preston.”

As the fastest growing city for tech in the UK, it’s no wonder that property investors are seeing exceptional returns in the city. So much so that Preston was recently shown to offer the best returns for property investors of anywhere in the UK. The Coulters Landlord Index compared average house prices with average returns on investment. The results were impressive across the north region, but Preston took the coveted top spot.

With £1bn of investment planned for the city over the next 10 years, Preston is only set to go from strength to strength. As the UK’s fastest growing city for tech, demand for luxury city centre homes will also continue to be exceptionally high. There’s no doubt that right now, Preston is an exceptional opportunity for property investors. Read our guide to investing in the city here.

Want to know more? Get in touch with our property experts today

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