Posted on October 19, 2018 by staff

Yorkshire tech prowess praised as region bags £100m


Azzure IT founder Craig Such says the Northern Powerhouse Investment Fund (NPIF) hitting a £100m funding milestone has helped increase the awareness of Yorkshire as a thriving tech city.

The tech solution consultancy’s head office is in Sheffield, which was recently revealed to be in the top three cities in the world for starting a tech firm by software company Sellics.

“The recent news when it comes to the digital and tech industry in the Yorkshire region is hugely promising,” said Such.

“Recognition is crucial for all businesses, particularly for firms in the North which are looking to continue their growth, and this profile-raising news is a big boost.”

Azzure IT, which also has offices in Reading and Newcastle, received a £2m investment grant from the NPIF in 2017 – the largest single investment made by the fund since its inception.

Manufacturing and high-tech companies have attracted a total of £26m of investment, with the NPIF funding more than 300 projects across the 10 Local Enterprise Partnership (LEP) areas that it operates in.

The NPIF’s investment in Azzure IT was also recently shortlisted in the Deal of the Year (below £5m) category at Yorkshire Business Insider’s Yorkshire Dealermakers Awards.

“The NPIF have provided plenty of ideas on how they can help with funding in ways we might want to consider when looking to grow the business,” said Such.

“This strategic investment means a lot to us as a business. It will enable us to continue our rapid growth rate and strengthen our working partner relationships, and also serves as recognition from a government body for all the fantastic work our staff do every day.”