24 Growth in Number of new Businesses in Digital Economy Sectors As a result of the digital economy interventions, an estimation of 5,000 – 7,000 new digital economy businesses is anticipated over 10 years, assuming a strong acceleration push as described in the actions. Growth in Number of new Businesses in Digital Economy Sectors 8,000 5,000 to 7,000 new Digital Economy Businesses 6,000 4,000 2,000 0 0 2016 200 420 2017 600 840 1,000 1,260 2018 2019 1,200 1,600 2,000 2,200 2,600 3,000 2,100 2,520 2,940 3,360 3,780 1,680 2020 2021 2022 2023 2024 2025 New businesses created in Digital Economy sectors through REACH intervention programs New businesses created in Digital Economy sectors through natural and spillover growth Source: DTI ACCELERATION OF GROWTH IN GDP From the international literature42, it is clear that digitization used with a view to both being more effective and more innovative creates growth in companies and for the economy as a whole. One way of monitoring growth due to increased digital economy presence is to measure the contribution to Gross Value Added (GVA)43 or Gross Domestic Product (GDP)44. Table 3: International examples of targets for acceleration of growth in GDP/GVA The UK has chosen to focus on GVA and has seen an increase of 27% between 2010 and 2014 in its digital tech industries (the UK term). This translates into a yearly growth rate of approx. 7%.45 A Parliament-led enquiry in the UK found that he digital economy in the United Kingdom is a success story: the British economy has the highest percentage of gross domestic product attributed to the digital economy of all European 42 Hanne Shapiro, Martin Eggert Hansen og Simon Fuglsang Østergaard, DTI (2014): Kortlægning af kompetencebehov og barrierer for videregående VEU for faglærte inden for det tekniske og produktionsrettede område 43 Defined as output minus intermediate consumption 44 Defined as market value of all final goods and services produced in a period 45 http://www.techcityuk.com/wp-content/uploads/2016/02/Tech-Nation-2016_FINAL-ONLINE1.pdf?utm_content=buffer2e58f&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer | REACH 2025 ACTION PLAN – ROADMAP TO EXCELLENCE