Yorkshire is a region in the northern part of England that boasts of a rich history and diverse culture. It’s also home to many thriving businesses that contribute significantly to the UK’s economy. Are you curious about the latest Yorkshire business news? Look no further.
In this article, we’ve compiled some of the most exciting Yorkshire business news that you must know to keep up with the latest happenings in the region.
The Rise of the Tech Sector in Yorkshire
Yorkshire is rapidly emerging as a tech hub with an increasing number of startups and established companies choosing the region as their base. According to Tech Nation, in 2019, Yorkshire attracted £181m in investment, a 47% increase from the previous year. Some of the most promising startups include The Data Shed, a data engineering and software development company, and The Floow, a telematics business that uses data science to promote road safety.
Big Investments in Yorkshire Businesses
Yorkshire is getting some big investment from both national and international investors. In 2019, cybersecurity firm ECSC secured a £3.5m investment from Maven Capital Partners to expand its operations. Additionally, restaurant chain, Dirty Martini, announced new sites in Leeds and York. This expansion is part of a £20m investment from Ranimul Group as the chain continues to grow in the region.
Yorkshire’s Thriving Hospitality Industry
The hospitality industry in Yorkshire is booming, with many new restaurants, bars, and cafes opening up across the region. One of the most notable is Kutchenhaus, which has opened several new stores in the region over the last year. The German kitchen manufacturer’s expansion is part of a wider plan to establish 100 stores in the UK by 2020.
Yorkshire’s Growing Tourism Sector
Yorkshire is becoming increasingly popular among tourists, with millions of visitors flocking to the region each year. Much of this growth has been facilitated by the region’s diverse attractions, including the Yorkshire Dales and Moors, historic cities like York and Sheffield, and cultural events like the Tour de Yorkshire.
Conclusion
Yorkshire’s business landscape is rapidly evolving with increasing investments in the tech sector, hospitality, and tourism industry. As Yorkshire continues to attract investment and modern businesses, there are many opportunities for entrepreneurs and investors to tap into the region’s growth and prosperity. Whether you are a Yorkshire business owner or merely interested in the region’s business news, this article has provided a snapshot of some of the most exciting developments in the region.
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