The research follows on from GP Bullhound conducting a Northern Tech Tour, held in collaboration with Bloomberg, which brought a selection of tech investors from across Europe to Leeds and Manchester for two days of presentations from 23 local technology companies.
As the report states, the North boasts eight businesses that have joined the elite $1bn valuation club and is supported by a very strong and tight-knit start up community. With these foundations and the presence of globally leading businesses such as Sage and Skyscanner, the Northern tech ecosystem has the potential to be recognised as a Top 5 worldwide technology cluster.
Metronet (UK) is one of GP Bullhound’s top picks within the telecoms services sector along with Ask4, Daisy and Onyx Group, having already been listed in the Top 50 tech companies in the North at the Northern Tech Awards earlier this year.
Hugh Campbell, Managing Partner at GP Bullhound, commented, “The message to tech investors in Europe and the US is clear – world leading tech companies don’t just exist in London. The tech ecosystem that has been established in the region has a proven track record of fast-growth tech success stories and the depth of talent, ideas and funding available is creating real momentum.”
Lee Perkins, CEO of Metronet (UK) said, “It is great to be highlighted within GP Bullhound’s report. This is a really great time for Metronet (UK) and as shown, it is a great time for businesses in the North of England. Our company is growing from strength to strength and to be acknowledged in the report along with such dominant companies is a great achievement for us. It is fantastic to see so many of our partners and customers recognised within the report, especially those who have made it into the $1bn club. There is still a lot more success to come for Metronet (UK) and for the North of England and we look forward to being a part of it.”