The second quarter of 2015 turned in another quarter of solid growth, but as forewarned in our last report, it was noticeable the overall momentum has weakened from peaks seen in 2014. This was due to a number of uncertainties, most notably the general election and Greek crisis.
However, our survey also shows despite this Q2 slowdown, tech companies are upbeat about the future, forecasting an upturn in profitability, strong job hiring intentions and continued investment in capital expenditure.
We also have a special feature focusing on Oxford as a strong tech cluster. This raises the issue that while the achievements of Tech City in London are rightly celebrated, we also need to ensure the achievements of tech hotspots elsewhere in the country to get the support needed to ensure the UK succeeds as a tech destination.
Key points from the Q2 2015 data: