Leeds Tech Hub Fund supports two more digital projects

New tech incubator launching in Sheffield to support start-ups
Credit: Shutterstock.com/ SFIO CRACHO

A new digital and technology event centre and innovation lab in Leeds is one of two final projects to gain funding from the Leeds Tech Hub Fund.

Now in its second round, the Leeds Tech Hub Fund was introduced as a catalyst for growth and expansion in the city’s expanding digital sector.

£393,000 has been awarded to Duke Studios to transform their current warehouse space into a new modern base.

FutureLabs have also been awarded £455,000 to assist their work with early-stage tech businesses to develop and build their companies.

An engagement programme of meet-ups and events with new and developing businesses in the sector will also be expanded, building on their pop-up project in Eastgate.

Home to around 3,500 digital and tech companies with an estimated workforce of 45,000 that makes up approximately 10% of all jobs in the city, the Leeds digital economy is continuing to move from strength-to-strength.

Currently home to global companies such as Asda, Sky’s national technology centre of expertise, NHS and key digital infrastructure including IXL Leeds, the city has developed an expertise in a range of areas from financial technology, telecommunications and data storage, to in-company tech, digital media and computer games.

With four other projects receiving support earlier in the year, all funding available through the Leeds Tech Hub Fund has now been allocated.