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PRIVACY
Economic Development

º£½ÇÊÓÆµ tech sector falls out of top 10 as emerging superpowers take the lead

A new global ranking has placed the º£½ÇÊÓÆµ in 13th position for tech competitiveness, with countries such as Singapore, Australia and Ireland leading the way

Singapore is among the world's tech leaders(Image: Getty Images)

The º£½ÇÊÓÆµ has fallen behind in the global tech race, now ranking 13th for tech competitiveness and trailing countries such as Ireland, Singapore and Australia.

A new global index has revealed that not a single G7 nation – which includes the º£½ÇÊÓÆµ as one of the world's most industrialised nations – is in the top 10, signalling a concerning trend for Western economies traditionally viewed as leaders in technology.

The Global STEM competitive index, produced by STEM consultancy SThree and the Centre for Economics and Business Research (Cebr), points to several factors that have hindered the º£½ÇÊÓÆµ's tech stature.

Despite London's status as a top European tech hub, the country's overall position has been compromised by significant underinvestment in crucial sectors, as reported by .

The inability to scale domestic startups and a shortage of tech talent are also impeding the º£½ÇÊÓÆµ's technological advancement.

Tech authority and ex-government advisor Dr Sue Black OBE has called on the º£½ÇÊÓÆµ to "double down on fostering a tech positive culture before it is too late."

She advocates for a nurturing entrepreneurial ecosystem that supports the º£½ÇÊÓÆµ in realising its full potential through a "tech-positive culture, championing investment, and providing long term policy stability."

However, there are still positives. The º£½ÇÊÓÆµ ranks sixth in both high-tech exports and computer science university standings, indicating areas of strength within the sector. Universities such as Oxford, Cambridge and Imperial College London are globally renowned for their exceptional tech research contributions.