By Daniel Hunter
One in four (23%) companies within London’s tech community employ no women at board level, according to a survey of Tech London Advocates members, an independent network of over 1,600 tech experts, leaders and investors.
The research, released during London Technology Week, reveals that 59% of Tech London Advocates believe the capital’s technology companies simply do not reflect the diversity of the city.
This belief is due to a lack of female representation at senior levels within London’s fastest growing sector. Fifteen per cent of those surveyed revealed that their company employs no women at senior management level. A third (39%) said that women held less than a fifth of senior management roles.
According to the latest figures from the Greater London Authority (GLA), 50% of Londoners are women, yet only 12% of those surveyed worked at companies with boards that reflected this ratio.
Despite these findings, nearly half (46%) of Tech London Advocates believe that London technology companies are more accessible to women than other cities around the world.
The research was released at a Tech London Advocates Women in Tech working group meeting at the House of Lords on the evening of the first day of London Technology Week. Hosted by Baroness Lane Fox, the private event for Tech London Advocates members examined the creative potential of diverse workforces within technology companies.
Russ Shaw, founder of Tech London Advocates, said: “For an sector identified with disruption and change, these figures are very disappointing. We live in a city with a global reputation for diversity yet our most exciting industry fails to reflect this in its most senior positions.
“London Technology Week is a chance to showcase the scale of our technology sector but we must also use it as an opportunity to attract more people to digital careers.”
Baroness Lane Fox, said: “There is a greater proportion of women in the House of Lords than British tech companies. We must accept the scale of this problem and work together to put women at the heart of the technology sector. Mobilising a currently unused resource will have huge benefits for the digital industry, the economy and UK PLC.”