Manchester named second most attractive UK city for tech investment
Manchester has been named the second most attractive city in the UK for tech investment.
That’s according to data from the Office of National Statistics, Tech Nation and job search engine Adzuna, which showed venture capital investment reached $687.6m in 2019, up from $199.1m in 2018.
The new ranking sees the city overtake Cambridge, home to a large cluster of high-tech businesses, for the first time, making Manchester second only to London.
Digital Minister Caroline Dinenage the success of e-commerce giant The Hut Group, which floated on the London Stock Exchange in September, “has helped to cement the city’s reputation as an industry hub to rival the capital”.
The Hut Group is the company seeking the most new recruits in the region, followed by TalkTalk and Sage, data showed, with the most in-demand job in the city being software developers, NET developers and front-end developers.
The digital tech sector in Manchester employed more than 100,000 people in 2019 according to the data, and there are 4,235 open tech vacancies across the city region. Some 3,690 IT vacancies are from across the city alone.