Digital transformation for Yorkshire
New research reveals Yorkshire has seen a higher rate of growth in the digital sector over the past three years than anywhere in the UK.
The analysis by Leeds City Region Enterprise Partnership, showcases Yorkshire’s 48% increase in digital tech jobs over the past three years. This equates to an increase from 58,000 to 86,000 tech jobs.
According to the new findings, the regions showing the highest levels of growth are:
1. Yorkshire and the Humber (48%)
2. Wales (29%)
3. East Midlands (27%)
4. South West (20%)
5. Scotland (18%)
The report also highlighted a 313% increase in venture capital investment over the last five years in Yorkshire. Alongside the fact its 8,695 digital tech businesses have a collective turnover of £3.67bn .
Roger Marsh OBE DL, Chair of the LEP and NP11, commented: “The northern tech scene is thriving, with so many fantastic opportunities for entrepreneurs to grow their businesses here. We’re extremely proud to see that Yorkshire has the highest growth rate in terms of digital employment in the country, which we predict to continue as workers begin to seek more affordable options outside of the capital and the commuter belt.
“We have a great talent pool, with Leeds City Region boasting nine universities and of course the new offices for Channel 4. Over the past few years we have seen such an increase in not only tech giants relocating to our region, but also exciting and innovative start-ups setting up shop here.
“We’re looking forward to seeing how the tech scene develops further over the next five years.”
Anna Sutton, CEO of Leeds-based tech firm The Data Shed commented:
“We set up The Data Shed in Leeds six years ago now and have thrived because of the amazing businesses and talent in the region that have supported the growth of the consultancy.
“The Leeds Digital Festival in April pulls us all together every year and facilitates a real spirit of collaboration.”