North East England offers a superb support network for businesses, with an eco-system primed and ready to welcome investors.
Our vibrant tech clusters collaborate on skills and development to fuel rapid business growth. FinPact the cluster management company and key delivery vehicle for the North East Fintech strategy works closely with key business networks in our region including Dynamo North East, Sunderland Software City and North East & Tees Valley Digital Catapult who all offer superb networking, training and support to investors. Research institutions such as Newcastle University’s ‘Cloud Innovation Centre’ and Northumbria University’s North East Business Resilience Centre also support businesses with research and knowledge transfer.
In 2018, the North East launched the first dedicated FinTech Cluster in the North of England, operated by Dynamo North East. Since then, the region has developed a Fintech Strategy, based on a report published by Whitecap Consulting in 2022. This led to the creation of FinPact, the region’s Fintech cluster management company and strategy delivery vehicle. It is made up of individuals working within the wider financial services and technology sectors to develop a thriving and world-class ecosystem to foster collaboration, skills and innovation through financial technology. The strategy will deliver new and meaningful insights to support the growth of the sector linked to key outcomes and performance indicators.