You know the old saying, it’s grim up North, well it couldn’t be further from the truth with tech investment in the ‘northern triangle’ hitting record levels
Manchester, Leeds, and Sheffield raised £1.3bn in funding over the last 5 years as investors and tech startups began to move away from traditional London based hot spots and take advantage of a highly skilled workforce in the north.
With around 1500 startups based in the northern triangle and a solid ecosystem of innovative companies and academic institutions, there really is no better place to invest.
This is highlighted by the huge growth in new tech vacancies in the last 18 months, with 10,000 IT vacancies in the Manchester/Leeds region, it’s fasted growing jobs market.
Digital Economy Minister Chris Philp revealed the figures on Wednesday at Manchester’s Digital City Festival, describing them as a “clear show of confidence in the region’s outstanding tech sector”.
Philip added: “Now that we are out of the EU, we will ensure the UK seizes a competitive advantage by adopting regulation that is light touch and promotes innovation, growth and competition.”
It follows a record year for tech investment into UK regional cities, up 83% in 2021 with those companies raising £9bn out of the £29.4bn raised nationwide.
As growth continues to speed up in our regional cities, greater career opportunities follow and Colossus Associates has been well placed, recruiting heavily in Birmingham, Manchester, and Leeds for many years.
We have established relationships with many of the regions cutting edge tech start-ups and can offer access to the best new roles as they hit the market, saving you time with applications and enquiries that go nowhere.
Let our team guide you to the very best opportunities out there and take advantage of our specialist tech recruitment knowledge.
Our team are ready to support you as your career grows, reach out today for a no obligation discussion about how we can help.