Sheffield Top Ten tech firms reaching £10bn turnover
The top tech firms in Sheffield are closing in on £10 billion annual turnover following a growth rate of 50% in just five years.
Research also indicates an increase of 50% in the number of people employed in tech businesses in the region.
The figures come from a study conducted by Dr Andrew Johnston, principal lecturer at Sheffield Business School.
The top 10 tech companies in Sheffield account for 40% of employment in the sector, highlighting their importance to the industry.
Daniel Koseoglu, MD at Affecto said: “These tech companies are driving employment growth in the sector, which now employs over 20,000 people in the city. On a wider scale, these tech firms support many more jobs across the city, from the purchase of goods to employee spend.
“In addition, a number of these companies sell their services both nationally and internationally, helping to put Sheffield on the map worldwide as a centre for technological growth and innovation.”