A number of northern cities such as Liverpool, Sheffield and Manchester are starting to take on the capital city in regards to developing prosperous tech businesses.
Also Newcastle which is the home to the United Kingdom’s only FTSE 100 listed software business, Sage. Which marks it as one of the UK’s primary tech hubs.
The idea behind the Northern Powerhouse is that combined, the North could exceed in boosting small and medium sized businesses and Sage’s CEO Stephen Kelly is backing SME’s all the way.
By the introduction of the “Northern Powerhouse Investment Fund”, the British Business Bank have unlocked £400m within the north to drive growth within in local SME’s.
Fund Managers have been selected to regulate the Northern Powerhouse Investment Fund, which will have different funding brackets based on an SME’s development stage and needs.
“Our Mission is to smash the walls in terms of impediments getting in the way of businesses”
Stephen Kelly- Sage CEO