Brexit uncertainty is still grating the nerves of firms up and down the country but British tech giant Sage Group has bucked the trend by revealing plans to invest over £300 million in the UK market, creating hundreds of jobs in data science and product engineering.
By the end of 2020, the Newcastle-based firm plans to move to bigger premises in the city, boost its 13,000 strong workforce by 500 and plough money into training staff in leadership and innovation skills.
In addition, Sage will continue to grow its graduate and apprentice programmes, bringing the number of hires up to 150.
It will also roll out another phase of the Future Makers workshops, which were run last year in partnership with TechNationUK.
Events were held in Newcastle, Manchester, Reading, London and Dublin with the commitment that by October 2018 a select number of people would be offered work experience at the tech company. The focus last year was on building chatbots and leveraging AI tools.
Sage CEO Steve Hare said that the UK’s tech sector is fast becoming a centre of global excellence.
He added: "Our colleagues are one of our main strengths, and I’m pleased that this investment will create a great experience for them and a fantastic environment for innovation - both are crucial to our vision of becoming a great SaaS (software as a service) company.“
Secretary of State for International Trade, Dr Liam Fox MP, said: “The UK boasts one of the strongest tech industries in Europe, attracting more investment than any other European country and Sage is one of the UK’s best tech success stories.
“Their technology plays a vital role in enabling UK companies to do business each day and facilitates exports to markets overseas. My department is committed to attracting investment from across the globe to ensure that we remain the number one destination for investment in Europe.
“Sage’s investment shows a firm commitment to the UK and will help create high-quality jobs and drive prosperity into local communities in the North East.”