Hull's digital businesses to benefit from new Barclays investment
Hull's digital businesses will benefit from the new partnership
By Hull Daily Mail | Posted: 26 Oct 2018
Hull’s fledgling digital businesses will now be supported to grow and innovate thanks to a special new partnership at the city’s C4DI.
C4DI, The Centre for Digital Innovation, and Barclays Eagle Labs have announced a new deal which will see the bank launch a unique programme in Yorkshire, helping to create a space for ambitious entrepreneurs to accelerate and scale their businesses.
Based at the iconic Fruit Market location, the programme will support Hull’s entrepreneurs and fledgling businesses as they look to create, innovate and grow.
John Connolly, managing director at the C4DI, 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.”
C4DI’s community of over 1,000 people was recently highlighted in the Government’s Tech Nation Report, as Hull saw a 15% increase in tech jobs with over 7,000 people now employed in the sector.
Hull was also revealed to be the most cost effective place in the UK to run a tech company, and saw a 21% increase in start-ups.
The new partnership with Barclays will focus on three key areas of activity - supporting fledgling businesses, working with high-growth digital companies, and helping traditional businesses embrace innovation.
The programme officially launches on Thursday, October 25 with a grand launch event at the Hull Minster.
Steve Mullins, Barclays area director for Yorkshire, said: “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.
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“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.”
Based on the ground floor of the C4DI Building at Queen Street, Hull, the new hub will be supporting businesses across all sector industries including; IoT, engineering, renewables, logistics, and health and wellbeing.
Barclays recently launched a new £500m growth fund for small and medium-sized (SME) businesses in the North of England.
The partnership with the C4DI programme will enable Barclays to work with businesses to provide access to the fund for scale-up and growth.