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PRIVACY
Tech

Global payments firm Xplor to create 200 jobs with office in Newcastle

Politicians said the success in attracting the global technology firm pointed to the city's attractiveness to investors

Newcastle city centre(Image: Newcastle Chronicle)

Hundreds of new jobs are to be created in Newcastle after the city secured major investment from a US payments firm.

Newcastle beat off competition from nine other º£½ÇÊÓÆµ cities to attract Xplor, which has been formed by the merger of two global technology companies.

The company is to set up an office in Newcastle city centre as part of its worldwide expansion plans, though its exact location has not been finalised.

A wide range of roles will be on offer, with 200 jobs created initially and the hope of more to come in later years.

Teams from Invest Newcastle and the North of Tyne Combined Authority helped secure the new site, using a grant of almost £1m from the combined authority’s Inward Investment Grant Fund.

The city beat off competition from the likes of Glasgow, Manchester, Leeds, Sheffield, Edinburgh, Nottingham, York, Liverpool and Leicester to attract the company.

Newcastle City Council leader Nick Forbes said: “Newcastle is a city on the global stage. We are now building a strong digital sector, which includes a growing FinTech base, that can compete with other big cities and have the ingredients we need – good transport links, culture, beautiful open spaces, a vibrant night-time economy and a skilled versatile workforce to attract investors.

“Xplor is a global leader, and any ambitious city would have been delighted to be host to their new º£½ÇÊÓÆµ base, but they chose Newcastle which underlines real confidence.”