What the Expat Explorer 2013 survey reveals however is that this preference for all things tech has graduated from teenagers’ bedrooms to twenty-somethings’ London offices. The stats reveal that millennial expats are particularly drawn to the UK with one in five expats (19%) in this age group moving to the country, with the most popular careers being in technology and finance. It appears that London’s status as a financial and technological centre is attracting them, with what is called Tech City or Silicon Roundabout drawing talent from around the world.
|Image Source: Jack Torcello|
It’s been reported that over 15,000 new businesses were set up in 2012/3 in the EC1V postcode. The sheer volume of tech firms choosing to do business in the area can be attributed to several factors – not least the relative affordability of the Old Street area in the early years, remarkable given its proximity to the City. But there’s little doubt that a key attraction is the opportunity for community and networking a collection of similar businesses can bring.
All this is good news for hyper-connected millennial expats, starting a new life in the UK. As you’d expect of internet-savvy entrepreneurs, Tech City is awash with meetups and social events for those working in the industry, all only a quick online search and few minutes walk away.
The UAE is the next most popular destination after the UK for young expats (16%), while other professions which scored highly with the age group included teaching - especially in Asia.
But young doesn’t necessarily equate to wild and free. Those surveyed from Generation Y were more likely than any other age group to have moved abroad for love, with a third taking the leap to be with a partner.
Check out the latest findings of the 2013 Expat Explorer report and more on the newly designed Interactive Tool here.