As Chancellor Philip Hammond set off on large-scale trade delegation to India, Leeds City Region Enterprise Partnership (LEP) Chair Roger Marsh OBE wrote to remind him of the Leeds City Region’s position as the FinTech Capital of the North.
In the open letter, in which he wishes the Chancellor ‘every success on this delegation to build trade links beyond the European Union', Mr Marsh writes: “I’m pleased to see the Government’s continued commitment to the FinTech industry, particularly as we are considered to be the FinTech Capital of the North, a title in which we as a City Region take great pride.
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Pioneering & innovative
“Our strengths within this key field is a result of the City Region being home to a large number of companies, such as Contis, WorldPay and Nostrum Group, which are pioneering innovative FinTech developments. In TechNorth’s recent report into the North’s fastest growing 100 tech firms, I was pleased to see that almost a quarter of these businesses (23%) located in our City Region, and particularly that Leeds based FinTech firm Pan-Intelligence had reported a 52% growth.”
Mr Marsh reminded Philip Hammond that in 2016 Leeds City Region, the largest City Region economy outside of London organised a delegation to Bangalore as part of the Government’s GREAT UK Challenge Fund initiative. The mission, which was to raise awareness of the important role of the technology sector within Leeds City Region’s economy, received a very positive response from Indian businesses.
Bucking the trend
Mr Marsh writes: “In addition to our strong business base Leeds City Region also has several leading universities producing a pipeline of high quality graduates in the field, including undergraduate and postgraduate courses in Digital Forensics and Security at Leeds Beckett University, and a GCHQ-accredited MSc in Cyber Security at the University of York.
“In fact as a region we are bucking the so-called north to south ‘brain drain‘ and seeing a trend towards north-shoring, with both talent and companies leaving London to locate to our region, in order to capitalise on the largest concentration of STEM graduates in the UK, cheaper costs and a first-rate quality of life.
Modern & inspiring
Mr Marsh ends his letter by asking Mr Hammond to highlight the strength of the UK’s regions during his meetings and tells the Chancellor he “would welcome the opportunity to discuss with you directly how Leeds City Region can work with HM Government to sell the strengths of the North as we look to build new trade relationships in a post-Brexit Britain.”
Leeds City Region is a modern and inspiring place to live which compels people to build great lives and great businesses.
To find out more about its:
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- highly-skilled workforce;
- resilient infrastructure;
- renowned value for money;
- vibrant economy to strengthen global businesses;