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UK Tech Success Driving Reading Economy

Key Findings:

As a major destination within the thriving UK Silicon Valley, Reading has direct access to nearly 500,000 jobs within the region. The town has a strong labour market and a high average rate of employment, with a predominantly tech-focused background. With easy travel links to both Bracknell and London, Reading is also a foundation of the commuter belt, ideal for those who want to work in the capital but need a more affordable property market. Driving UK Tech Success in Reading.

The Reading economic area is home to global brands, SME’s and start-ups including Microsoft, Huawei and Oracle, PwC and John Lewis. Reading’s commercial sector continues to flourish, attracting a strong professional workforce that is looking for forward-thinking technology industries.

With a catchment area that includes 1.2 million people, Reading has the 5th most qualified workforce in the UK, the highest UK employment rate and a strong pool of graduates to choose from thanks to the University of Reading’s excellent retention rate. The town continues to be a top choice for business headquarters thanks to previous investment in the infrastructure and connectivity it offers for workers. Just 25 minutes from London and 40 minutes from Heathrow, Reading has world-class air, rail and road links on its doorstep.

The Grand Exchange

The Reading Business Improvement District (BID) is also making huge strides in delivering ‘business-friendliness’. Starting in 2006 and recently extended to 2024, Reading BID has generated £5 million extra investment in business initiatives while creating new connections and making the area more attractive for companies.

Adam Jacobs, chair of Reading UK, believes Reading can easily maintain its status as a world-class business location:

“For the existing BID to continue to deliver the great benefits of the past 12 years, businesses must vote in favour of the proposal. Reading town centre is among the busiest in the south, prospering despite difficult trading times.

“The BID has been a central force in supporting that economic success. It is vital that we continue to invest in services that will maintain this pre-eminent position.”

With Crossrail on the horizon, Reading’s links to Bracknell and London are only set to be strengthened, better connecting the incredible employment opportunities and the professional workforce within the Thames Valley and wider London commuter belt. This is just one part of the regeneration that is improving both Bracknell and Reading, motivated by the continued UK tech success.

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