Grants of up to £10,000 are being made available to encourage tech businesses to move into South Yorkshire.
At the county’s first Tech Summit in Barnsley, organised by The Seam (Barnsley’s Digital Campus) Mayor Oliver Coppard announced the scheme, designed to attract tech businesses, generating more digital jobs and boosting the local economy.
The Tech Welcome Grant is funded by South Yorkshire Mayoral Combined Authority and will provide grants of between £5k to £10k to businesses new to South Yorkshire and start-ups from outside the area to relocate there and create jobs in the region.
Mayor Coppard said: “Thanks to our entrepreneurs, world-class research universities and talent pool, South Yorkshire is not just attracting, but creating high-quality tech companies and high-value jobs. Innovation is part of South Yorkshire’s DNA, and we are going to make sure our region flourishes by working closely with stars of the sector to create an action plan for tech growth in our region. Digital and tech are the lifeblood of our economy; increasingly, every barrier is a digital or technology barrier, so it’s a vital sector for the whole of South Yorkshire.
“The ecosystem we are building here, and the assets we already have in South Yorkshire, will mean those businesses and people who do relocate will thrive here – creating more value for them, the region, and the UK.”
Gary Stewart, MD of Techstars NYC powered by J.P. Morgan who has spent the past 15 years investing in global start-ups, said: “What I’ve learned over the years is that great ideas can come from anyone, anywhere. Entrepreneurs are the wealth creators and we need new start-ups to create wealth. Start-ups fail when companies run out of money and the US has a large proportion of Venture Capitalists willing to invest in early stage companies. Tech start ups therefore need to build bridges to places like London and the US, as the money is concentrated in a few global clusters.”
Tracey Johnson, Digital Economy Lead in Barnsley presented on why South Yorkshire is a great place to locate a Tech business, with a rapidly developing eco system and why creating the right spaces for businesses to flourish is so important.
She said: “The Summit was a huge success and celebrated what has been achieved so far by Tech businesses in South Yorkshire. The focus was on how we can build on this and move forward with the momentum we have built up. There are some exciting things happening in South Yorkshire and UK and global businesses are no longer asking, why should we move to South Yorkshire, but why not?”
