Software giant Sage has announced that it will invest 拢300m in the UK by the end of 2020.
The plans include moving its headquarters in Newcastle from North Park to Cobalt 老九品茶Park and a 拢40m investment in the North East of England over the next three years.
The move will allow 2,000 of its employees to work in the city, a significant part of its 13,000 strong workforce, itself set to grow by another 500 in product engineering, data science, support and sales across the UK.
Investments also include 拢1.6m in training in its employee鈥檚 leadership and innovation skills.
鈥淭he UK鈥檚 tech sector is fast becoming a centre of global excellence, and Sage is particularly proud to be part of this, and to have such a significant home in the North East,鈥� said Steve Hare, CEO of Sage.
鈥極ur colleagues are one of our main strengths, and I鈥檓 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 company.鈥�
Sabby Gill, UK and Ireland managing director added: 鈥淪age鈥檚 heart lies in the North East, the region is our spiritual home. Over the past three decades we鈥檝e grown into a global technology leader, supporting over a million UK businesses directly or through our accountant partners, improving their productivity through digitisation.
鈥淪age continues to grow. Right now, we are recruiting for more than 200 open roles in the North East. It鈥檚 an exciting time for Sage, the North East and the UK.鈥�
Secretary of State for International Trade, Dr Liam Fox MP, added: 鈥淭he 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鈥檚 best tech success stories.
鈥淭heir technology plays a vital role in enabling UK companies to do business each day and facilitates exports to markets overseas.
鈥淢y department is committed to attracting investment from across the globe to ensure that we remain the number one destination for investment in Europe.
鈥淪age鈥檚 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.鈥�