Showing posts with label Tech City UK. Show all posts
Showing posts with label Tech City UK. Show all posts

Monday, June 11, 2018

News: Fast-growing Origin Broadband a Northern tech star

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Origin Broadband has been named in the top ten of an industry-compiled list of the North's 100 fastest growing tech companies.

The Northern Tech 100 is compiled by Tech Nation, an organisation which offers an expanding network of growth programmes, events, skills and data resources. The league table ranks the top 100 fastest-growing tech companies in the North, celebrating some of the region’s most exciting startups and scaleups.

Launching in 2011, Origin has developed its own infrastructure and now host the sixth largest broadband network in the UK. Supplying phone and internet services to businesses and homes across the UK, clients include Amazon – where Origin is the preferred provider for all new warehouse and corporate sites, NHS Sheffield and various UK universities.

Ranked at number seven in Northern Tech 100 league table with a growth rate of 103%, Origin aims to reach 250,000 customers by 2020.

The company's growth since its launch in 2011 has attracted significant investment, allowing Origin to move its head office from two sites in Doncaster to a single, larger base in Rotherham.

Taking on the 53,665 sq ft Unit 7 at Callflex Business Park at Manvers, the firm believes that it offers an even bigger opportunity for growth. The building, which had been empty ever since it was built, has the capacity to seat up to 700 people across all three floors.

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The firm, which had to contend with the closure of the publically funded Digital Region network in 2014, has raised finance to support growth plans from the likes of Finance Yorkshire and Calculus Capital.

Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) specialist, Calculus, invested £3m in December 2016. With trading volumes at four times the level anticipated in the business plan that secured the initial funding, a further £2m was invested via Calculus with a new round of funding in August 2017.

The list is compiled as part of technology advisory and investment firm, GP Bullhound's Northern Tech Awards.

A spokesperson for Origin Broadband, said: "We are over the moon to be awarded 7th place out of 100 at this year's Northern Tech Awards. It's a fantastic achievement for everyone here to be recognised for all their hard work."

Recent data compiled by GP Bullhound showed that the 100 fastest growing technology companies in the North of England and Scotland generated £4.5bn in 2017.

Vicki Shiel, head of content and learning at Tech Nation, said: "We want to celebrate the growth of the sector in the North of England, challenge the perception that most tech startups are based in London, share insights from the companies that are blazing a trail, and openly discuss some of the challenges the sector faces."

Origin Broadband website
Tech Nation website

Images: Origin Broadband

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Monday, February 22, 2016

News: Sheffield and Rotherham's growing tech hub

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The Sheffield and Rotherham area has been identified as one of 27 digital tech clusters in the UK by Tech City UK, the Government-backed organisation that delivers programmes focused on accelerating the growth of digital businesses.

The organisation's latest Tech Nation report is the most comprehensive analysis of the UK's digital technology economy to date, showing how the sector is driving economic growth, employment and regional development.

Produced with innovation charity Nesta and supported by core data partner Growth Intel, the report reveals that digital tech industries in the UK are growing 32% faster than the rest of the economy. It analysed data from Government, job advertisements and official ONS data and shows the continued growth of digital tech clusters. These findings are focused upon the areas where digital technology businesses are having the greatest impact: economic growth, employment, productivity and the digital disruption of traditional industries.

Sheffield and Rotherham is used as one of the case studies. There are 14,313 digital tech jobs in Rotherham and Sheffield pumping £273m Gross Value Added (GVA) into the local economy. Last year, the average salary a tech professional could expect in region was £42,058 – much higher than the average local working salary of £26,141.

It highlighted that Sheffield and Rotherham's strengths are built on expertise in Data management & analytics and Telecommunications & networking, with recently established specialisms in Hardware, IoT and E-commerce. Other specialisms include app & software development and enterprise software & cloud computing.

The report highlighted the impact of the city region's two universities, the importance of modern manufacturing and the access to graduate talent, commercial property and business support. Weaknesses including the economic climate, access to finance and affordable property were also highlighted.

Edward Highfield, director of Creative Sheffield, the economic development arm of Sheffield City Council, said: "Sheffield has a strong tech and digital sector and this plays an important part in attracting and retaining talent within the city. We have some innovative support and accelerator growth programmes in Sheffield, which have contributed to the success of the sector in recent years; a trend that is set to continue with projects such as the Digital Campus underway."

The latest KPMG/Markit Tech Monitor UK Survey revealed that Rotherham has one of the fastest growing technology clusters in the UK. Rotherham had the third fastest increase in tech sector enterprises over the last year, up by an impressive 21%. It was the only local authority in Yorkshire and Humber to enter in to the UK's top 25.

Tech City UK website

Images: RiDO

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