Bridge Bytes - Leeds: Fastest Tech Hub and Scale Up Growth in the North
almost 3 years ago
Leeds' digital sector contributes £6.5 billion to the City Region economy and employs 102,000 people, while achieving the fastest scale up growth in the North. As a proud Leeds based IT recruiter we've seen first hand how the city has evolved into a growing tech hub, which hosts a number of innovative tech startups, scaleups and enterprises.
With a focus on digital transformation, Leeds fosters an innovative culture and now has the highest concentration of scaleups outside London. With the fastest scaleup growth in the North the city significantly outperforms Great Manchester, often dubbed the UK’s second city.
Leeds' growth has helped to change the economic geography of the United Kingdom, as Leeds is now one of the largest financial centres in Britain outside the capital. It transformative success has been so tangible that some believe the city is not only the best place to start a tech company outside of London, but also, that one day, it will rival San Francisco.
The city's status as a digital leader has been bolstered by companies such as First Direct and CPP Group choosing to locate key operations out of the centre of Leeds. Highly successful tech hubs, such as Bruntwood’s Platform building continue to attract and support the expansion of digital technology businesses. In addition Scaled Insights has also just moved to Leeds, while DAZN Group, Sky and Panintellgience have a big presence in the city.
Roger Marsh OBE, Chair of the Leeds City Region Enterprise Partnership (LEP) and NP11 said:
“The digital sector in Leeds City Region contributes £6.6 billion to our economy. It’s a fast growing tech hub. This year, Tech Nation and Dealroom found that venture capital investment into our region’s tech companies amounted to £108.8 million, the fastest rate in the North. Recent tech investors in the region include AND Digital, Perform Group (DAZN) and Scaled Insights.
“Whilst our offer is yielding remarkable results, we want it to be even more attractive. That’s why we have launched #Welcome, a bespoke soft landing package to de-risk investment for fast-growing tech and creative companies to locate here.”