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PRIVACY
Tech

North East tech sector highlights strengths in bid to attract investors and young talent

Organisations including Dynamo, Generator and Sunderland Software City have come together for the second One Region, One Sector, One Statement that was first published

Tech firms are able to access high tech equipment at Gateshead's Proto(Image: Ubisoft)

Organisations in the North East have highlighted the strengths of the region’s tech sector in a bid to attract both investors and young talent.

Teams from tech network Dynamo, support agency Generator and Sunderland Software City have contributed to an updated version of the One Region, One Sector, One Statement that was first published last year.

This year’s edition also includes contributions from the North East LEP, Tech Nation, Gateshead Council, Invest North East, Tech North East, Digital Union and creative agency Jump.

It had been due to be published at the North East Digital Festival, which was cancelled because of the coronavirus outbreak.

The report highlights says that amount of venture capital investment into the sector has now topped £100m, with the region’s tech sector having 3,000 businesses and 35,000 jobs.

It also looks at a growing number of tech events, improved infrastructure and connectivity, along with the emergency of promising sub-sectors such as fintech, clean energy tech and health, medical and ageing tech.

Hannah Matterson, the new chief executive at Generator, said: “We wanted to produce a document that presented a broad, positive picture of the North East’s digital and tech sector. We want this year’s One Region, One Sector, One Statement to be used by everyone promoting the region – it demonstrates the wide range of great companies working in the sector, and its growing importance to the regional economy.

“We want those in education to show students of any age what amazing opportunities there are here; we want new start-ups and job seekers to realise the breadth of what there is in the North East and the strength of our tech sector.