Manchester chosen for Tech North start-up hub
The government is seeking to emulate the success of London’s Tech City with the announcement of a second technology start-up hub in Manchester, Tech North.
With public backing the body will invest in promising start-up businesses and ideas with a view to fostering an entrepreneurial environment within the city’s hip Northern Quarter.
Part of a new strategy of developing technology clusters around the UK the move is seen as a way of spreading economic growth out from London and the south east.
Prime Minister David Cameron said: "The digital economy has become an integral part of our country and the rapid growth of many digital businesses has confirmed Britain's position as a global hub of technology excellence."
Chancellor George Osborne added: "What's so exciting about today's Tech Nation report is that it shows how we're seeing the growth of tech businesses right across the country.
"As part of our plan for a truly national recovery we will do everything we can to support this growth and back the different tech clusters that are emerging around Britain."