Freelance at the forefront: The new age industries dependent on the gig economy

Which sectors are most reliant on the gig economy?

The freelance and flexible employee market is a growing and advancing unit of the UK workforce. The TUC found that 4.7 million people currently work in the gig economy, a number that has doubled since 2016. Companies are clearly benefitting from the flexible workforce, but on a wider scale the overarching economy is also reaping the benefits. The Professional Contractors Group estimates that the flexibility offered by Britain’s freelancers is worth £21 billion to the UK economy in added value.

ETZ Payments, a future-facing software provider transforming the gig economy by facilitating daily payments for highly-skilled tech workers is of the opinion that, without the gig economy, the UK’s most advanced sectors stands to suffer an acute skills deficit.

They are fighting misconceptions that the gig economy is only for app enabled couriers and taxi drivers, but instead is open to a variety of highly-skilled freelance workers who are employed as consultants, project managers and specialists across a multitude of industries.

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“As our contractor business has grown, the administration associated has proved difficult to manage and very labour intensive. Since the introduction of ETZ, the administration has reduced significantly. In addition,..."

Wayne Brophy

“If we had stuck with the system we used 2 years ago we would have needed 4 or 5 extra staff to deal with the extra administration that comes with..."

Glyn Lloyd