The burgeoning tech sector in Leeds is on track to break records this year with an 88% increase in investment year-on-year and an explosion of digital vacancies to boot.
Data from Dealroom, analyzed by the UK’s Digital Economy Council, suggests that startups and scale ups across the city have raised £288 million already in 2022, compared to just £153 million last year.
The tech sector in Leeds is also employing some 49,000 people with a total of 82,000 across Yorkshire and the Humber. Yorkshire tech recruitment has increased 49% since July 2021, with a 64% rise in Leeds across the same period.
Specifically, ‘tech’ now accounts for a fifth of all available roles in Leeds, with over 2,500 jobs currently available, compared to just 1,400 roles for accounting and just over 1,300 listed as engineering. Software developers and IT system architects are the most in-demand roles, according to the findings, which have been released as part of the Leeds Digital Festival which runs until September 30.
“We’ve been banging the drum for years that Leeds is an incredible place to set up and grow a tech business and it feels like all the hard work is paying off,” said Stuart Clarke, co-founder and director at Leeds Digital Festival . “We’ve built an amazing, supportive tech community in the city which is on hand to help new and established entrepreneurs as they scale their businesses and this is reflected in the brilliant number of startups, scale ups and corporates that call the city home. ”
The growth of the city’s tech sector is partly attributed to the fact that Leeds retains over 30% of its students on graduation, making it one of the UK’s top five cities for retention. This is aided by organizations, such as the Yorkshire Graduates scheme, which helps students to find jobs at local employers.
What’s more, Leeds is rapidly becoming a hub of diverse technologies. In recent years, it has seen startups working on applications from electric vehicles to gaming. Software development and open data platforms are also popping up across the city, with notable startups like Taskbox and The Data City attracting both high investment and top talent.
“The sheer ingenuity and ambition behind Leeds’ tech sector is a force to behold,” said minister for tech and digital economy, Damian Collins. “The city is a hotbed for startups and professionals driving new innovations to help us have healthier and more sustainable lives.
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