A growing digital sector
North east Scotland’s high-value digital tech sector is leveraging its energy industry expertise to drive further innovation and growth. Benchmarking analysis commissioned by Opportunity North East and Scottish Enterprise earlier this year revealed that north east Scotland’s tech cluster now comprises more than 300 companies employing almost 4,400 people and turning over more than £520 million a year.
Impressive infrastructures
ONE Tech Hub based in Aberdeen city centre, is a transformational project by Opportunity North East (ONE) and the anchor point for the digital tech community in north east of Scotland. A unique ecosystem that brings together leading entrepreneurial education, digital tech business incubation and support with a wide range of sector experts, mentors and investors to create a community focused on growing and diversifying the region’s digital tech sector. ONE Tech Hub is also home to the north east of Scotland’s Tech Scaler Hub, Barclays Eagle Labs, The Data Lab, Censis and the Scottish 5G Centre and Aberdeen Connect 5G Hub, which together provide a range of expert support for digital tech startups and scaling tech businesses.
The city has great ambitions as demonstrated by projects such as the Aberdeen Hydrogen Hub will help position the region as a global leader in hydrogen production and distribution. Further investment in Aberdeen City Centre and Beach waterfront, as well as Union Terrance Gardens recently reopening at the start of 2023. The Port of Aberdeen’s South Harbour, a £420 million investment which will boost the region’s trade and investment opportunities.
Digitally connected
Thanks to its flourishing technology sector, Aberdeen was ranked at the top of Payment Sensea’s list. The city was the first area in the UK to experiment with fibre-to-the-premises and was the first in the UK to have access to super-fast broadband.
The Full Fibre Project, funded by the Aberdeen City Region Deal, was completed in June 2023 and provides ultrafast fibre connectivity to the region. This £11.5 million investment was put in place to connect as many as 190+ corporate sites across the north east and has opened up opportunities for residents, businesses and internet providers to help further strengthen the region’s connectivity.
Aberdeen City Region Deal
The Aberdeen City Region Deal is the agreement between the UK Government and the Scottish Government with Aberdeen City Council, Aberdeenshire Council and Opportunity North East (ONE) as one delivery mechanism for the Region’s economic vision.
The £1 billion deal will focus on transformational investment supporting the evolution of the region’s key sectors, sustainable business growth and creating green jobs for the future.
Investment Zone Status
In June 2023, the north east of Scotland was announced as one of two new Investment Zones in Scotland by the UK and Scottish Governments. The Investment Zone will boost the regional economy, stimulate business growth and create high quality jobs for local people. As one of Scotland’s first two Investment Zones, the North East will be supported with up to £160 million in targeted investment, tax reliefs and other incentives over 10 years doubling the money and timeline.
For further information visit: Opportunity North East Digital Tech or Technology & Digital (investaberdeen.co.uk)
TrackGenesis
DataVita
Appointed
Cloud Finance
Approov
ESG Disclose
Panta Index Technology
TreasurySpring
Addepar
Feetr
Malted AI
PropEco
Blockeyfi
CreditNature
Forumm
Investment Tribe
Snugg
Opmodal
- TrackGenesis
- DataVita
- Appointed
- Cloud Finance
- Approov
- ESG Disclose
- Panta Index Technology
- TreasurySpring
- Addepar
- Feetr
- Malted AI
- PropEco
- Blockeyfi
- CreditNature
- Forumm
- Investment Tribe
- Snugg
- Opmodal
Discover the Fintech Community
We enable fintech companies of all sizes to start, scale up, develop and prosper
The Fintech Community
