Department for International Trade
Northern Powerhouse tech sector wins £45 million investment
American tech firm Credera invests £45 million into Manchester and Newcastle, creating over 300 jobs.
Manchester to receive £20 million to create 150 graduate roles over three years.
£25 million investment into Newcastle to create 160 high-skilled roles
UK tech sector is now valued at US $1 trillion (£764 billion) and is a top international destination for tech investment.
After a successful London Tech Week, the UK’s thriving tech sector is celebrating more good news as American tech consultancy firm Credera has announced a £45 million investment in the Northern Powerhouse.
£20 million will be invested into Manchester to create 150 graduate roles over three years, for those looking to kickstart their career in tech.
Manchester has a proven track record for innovation and development and has a strong reputation of being a great place to work.
In 2020-2021 alone, Foreign Direct Investment (FDI) projects created over 4,000 new jobs in the North West, building on our ambitions to level up the UK and create more highly skilled jobs across the country.
In the same time period, FDI projects created over 1,300 jobs in the North East, where Credera will invest £25 million into the heart of Newcastle to create 160 of an eventual 200 high-skilled positions for locals building their career in the UK’s budding tech sector.
Newcastle’s growing tech scene will open the door to new and exciting opportunities thanks to the investment and will create jobs, boost the local economy and level up the UK.
Secretary of State for International Trade Anne-Marie Trevelyan said:
This boost of investment into our thriving northern tech sector is testament to the friendly and open business environment the UK offers, which creates high-value jobs, delivers clean growth and innovation, and builds our economy.
The Northern Powerhouse is a force to be reckoned with and I’m pleased to see this government’s levelling up agenda having real, tangible benefits for the public up and down the country.
The UK is an extremely attractive investment destination the world over. Just last month, EU’s recent Annual Attractiveness Survey saw the highest level of investment intent recorded to date into the UK; a testimony to the exceptional environment for innovation this government has created up and down this country.
Latest News from
Department for International Trade
International Trade Secretary speech to British Chambers of Commerce Annual Conference01/07/2022 12:10:00
Trade Secretary Anne-Marie Trevelyan yesterday announced major plans to lift around 100 trade barriers in speech to British Chambers of Commerce.
‘Bonfire of the barriers' to unlock new export markets worth tens of billions30/06/2022 12:15:00
International Trade Secretary Anne-Marie Trevelyan announces major plans to lift around 100 priority barriers in speech to British Chambers of Commerce.
Joint outcome statement: India-UK round four FTA negotiations27/06/2022 14:20:00
Round four of negotiations for a Free Trade Agreement between the Republic of India and the United Kingdom.
UK launches ambitious trade deal with Gulf nations24/06/2022 12:10:00
Trade Secretary launches free trade negotiations between the UK and the Gulf Cooperation Council, made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.
Birmingham 2022 Commonwealth Games to host UK House: The Commonwealth Business Hub24/06/2022 09:07:00
The first event of its kind, UK House will champion solutions across eight areas of strategic importance and showcase opportunities for sustainable growth, trade and investment
Statement on the U.S.- UK SME Dialogues23/06/2022 14:20:00
Statement following the fifth meeting of the UK-U.S. SME Dialogues in Boston, Massachusetts.
Joint statement on the launch of Free Trade Agreement negotiations between the UK and GCC22/06/2022 14:20:00
A joint statement on the launch of Free Trade Agreement negotiations between the UK and Gulf Cooperation Council (GCC).
Hundreds of Scottish businesses set to benefit as UK launches trade deal with Gulf nations22/06/2022 13:22:00
The landmark deal is expected to add at least £270 million a year to the Scottish economy, with food and drink and renewable energy businesses set to benefit.
Joint Statement on UK-Thailand Joint Economic and Trade Committee22/06/2022 10:10:00
Yesterday (Tuesday 21 June) the UK and Thailand held the first Joint Economic and Trade Committee (JETCO). The JETCO offers a significant new opportunity to improve bilateral trade, including by addressing trade barriers affecting business activity in both countries. The first meeting was hosted by the UK.