EdTech UK is a new national strategic body that has been launched in London to focus on promoting the UK's education technology sector.
The global education technology sector is currently worth £45 billion, and is expected to reach £129 billion by 2020, according to a report by London & Partners and EdTech UK. Edtech is one of the fastest growing areas of the digital economy, and accounts for four per cent of all digital businesses. It is responsible for over 1,000 start-ups in England alone, a fifth of which are based in London.
With schools spending over £900 million each year and education exports worth £17.5 billion a year, Edtech has already proven to be a lucrative market in the UK. The introduction of the national computing curriculum will further help England lead the development of education learning and technology.
London Mayor Boris Johnson 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."
With London and the UK already holding leading positions in the education and learning technology sector, EdTech UK is expected to further accelerate its growth and make industry influencers, educational institutions, technologies, talent, finance, and international marketplaces more accessible.
Ian Fordham, EdTech UK’s CEO, said, "Edtech has come of age. The UK is home to some of the world’s leading schools, colleges, universities and education businesses."
Leaders of the new strategic body are keen to show the success that can come from education in technology and the transformation that could come to the industry.
Posted by Theo Foulds