While you may be inclined to believe that we are biased in our thinking of Newcastle as the new Silicon Valley of the North, even the government agrees with us. MP Matt Hancock has been quoted as saying at a Fintech event the North East of England is the fastest growing tech hub outside of London.
It is not by chance that our business hub is based in Newcastle, within sight of the Angel of the North.
Newcastle began as the industrial powerhouse of Great Britain; with coal mines, ship building & industry. Once these closed down, the city struggled for a number of years until the tech boom in the early 2000s. According to Buzzfeed, Newcastle is now home to the second biggest tech sector in the UK behind Silicon Roundabout in London.
The IT & tech sector UK-wide is booming, and is projected only to grow in 2022, with the number of tech job opportunities at a record high, with the industry also receiving record investment in 2021. This in part is due to an ever-changing way of life, with digital integration now in many parts of our daily life, and constant innovation.
As stated by the Levelling Up Tech Power League, the tech sector in Newcastle has over 1,300 job opportunities and an average advertised salary of over £46,000. This growth in employment opportunities and investment brings only positives to the area, with an increased demand for quality housing, upscaling of town and city centres and a general uplift in the local economy.
Newcastle is the cultural and financial centre of the North East, and now the tech centre too. At Equity Digital although we have clients nationwide, we have chosen to position ourselves in the Silicon Valley of the North East, to ensure we handpick our staff from the cream of the North East crop, as well as being consistently inspired by our industry peers in the area.