Community | 25 October 2018 - by Ian Midgley

Hull’s tech sector set for a massive Barclays boost

Hull’s ground-breaking Centre For Digital Innovation (C4DI) has teamed up with Barclays to bolster the city’s burgeoning tech sector.

Hull’s ground-breaking Centre For Digital Innovation (C4DI) has teamed up with Barclays to bolster the city’s burgeoning tech sector.

C4DI, a UK-leading digital hub that enjoys gigabit connectivity to every desk via KCOM’s Lightstream fibre broadband, has partnered with Barclays Eagle Labs to support fledgling tech businesses.

The programme aims to build on three key areas of activity: helping businesses to plug in to Barclays’ national network of support hubs and advice, providing start-up business support and strengthening links between traditional businesses and innovative tech start-ups.

John Connolly, C4DI managing director, said: “C4DI has grown significantly over the last few years with an increased number of tech and traditional businesses being part of our community.

“We now want to scale up our work and the partnership with Barclays experts opens up mentoring, connections and collaborations required for Hull's businesses to flourish and help them grow on the world stage.”

 

Steve Mullins, Barclays area director for Yorkshire, added: “Hull is an exciting digital hub with huge growth potential and our new partnership, which forms part of our wider growth strategy in Yorkshire to support entrepreneurs, start-ups and accelerate high-growth companies, will stimulate economic growth and create jobs in the local area and across Yorkshire.

“As a partner C4DI brings unrivalled expertise in the digital sector and we are well equipped to help this dynamic community, encouraging innovation and stimulating business growth in the city.”

The Tech Nation 2018 report recently identified Hull as a one of the UK’s digital hotspots. The report revealed that the tech sector added £402m of value to the local economy last year – up from an average of £254m between 2013 and 2015.

Jobs in the digital tech sector in Hull have also increased by 15 per cent since 2014, beating the national average of 13.2 per cent.

Plans were unveiled earlier this month to extend C4DI, which is home to 200 start-up or scale-up businesses, by adding a further two buildings to the centre’s waterfront “campus”.

Dominic Gibbons, managing director of Wykeland Group which developed C4DI and its surrounding area, said: “@TheDock and C4DI have been fully occupied for some time now and there is significant pent-up demand to be part of what is recognised as one of the UK’s leading tech clusters.”