As the business & financial services industry loses its shine, senior government ministers including Peter Mandelson, have suggested that the digital economy will play a major part in Britain’s future prosperity. Great news for Brighton & Hove
The newly created Communications Minister, Lord Carter, is to prepare a report on measures to strengthen the digital media, technology and telecoms sectors.
The Business secretary Lord Mandelson was quoted as being “absolutely convinced the digital sector can be a key part of a rebooting of the economy” after the recession.
An interim report is due from Lord Carter in January addressing issues such as how to fund public-service broadcasting and a provide the superfast broadband network that the UK needs to compete on a global scale.
Explaining the reason for his work, Lord Carter said: “The economy is going through turbulent times … but technology, media, and telecoms are critical growth sectors ... something we are extremely good at, quite well positioned in and could be even better positioned.”
ECONOMIC PARTNERSHIP COMMENT
Brighton & Hove’s fastest growing sector is digital media with a wide range of national and international companies locating in the city over the past five years. The sector’s hunger for skilled workers is matched by the city’s skilled workforce, 38% or which is educated to degree level.
The challenges facing further development of the sector in the city are matching the specific skills of the graduate workforce with those of the industry and finding commercial space for digital firms to become established and, equally importantly, to grow.
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