By Jonathan Davies

South Wales is home to one of the fastest growing digital communities in the UK, according to a new report from Tech City.

The report found that South Wales is one of the best places to launch a digital business with a strong network of entrepreneurs and good access to public finance.

The area sits in the top five of the fastest growing "digital clusters" alongside Bournemouth, Liverpool, Inner London, and Brighton and Hove.

It comes after an 87% increase in the number of digital businesses between 2010 and 2013, compared with the UK average of 53%. In the last two years, 18% of start-ups in the area were digital, against the 15% UK average.

The Tech City report also found South Wales to be in the top five clusters for average company turnover, and more than 28,000 people are employed by digital businesses in the area.

Gareth Jones, co-founder and chief executive of the Welsh ICE, said: “It’s a really diverse sector. There’s a strong health-tech community that works with the biotech companies we have here, but also lots of data companies and e-commerce.”

Gareth Jones, co-founder and chief executive of the Welsh ICE, said: “It’s a really diverse sector. There’s a strong health-tech community that works with the biotech companies we have here, but also lots of data companies and e-commerce.”

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