Plans for a funding scheme for digital and tech projects in Leeds have been given the green light.
As previously reported by the Yorkshire Evening Post, Leeds City Council was handed a £3.7m grant from the Government earlier this year to help with the development of a new Tech Hub.
But the council has now decided to use that cash to fund a number of different digital projects rather than ploughing it all into a single bricks-and-mortar scheme and an open grant competition is due to start later this year.
Coun James Lewis, Leeds City Council’s executive member for resources and strategy, said: “We are continuing to work extremely closely with businesses in the digital sector across Leeds, and I am delighted to say that the response and interest to the proposal of a city Tech Hub Fund has been really positive.”
He added: “The digital sector has already shown its huge potential to create jobs and boost the city’s economy.
“We are looking forward to seeing the projects which will be supported through the Tech Hub Fund playing their full part in the range of work currently being undertaken in Leeds.”
A recent council report on plans for the fund said: “The original Government analysis, that we need a single building to act as the catalyst and drive growth, does not reflect what either the market is telling us or what individual companies and entrepreneurs are saying.
“The strength of the Leeds economy is often reflected through its diversity.
“In the case of the proposed Tech Hub, the solution that is emerging is one which seeks to support a range of projects which support different sub-sectors and geographic clusters.”
The Yorkshire Evening Post recently launched its Digital City platform in partnership with Sky Betting & Gaming.
The platform is designed to highlight the giant strides being made by a sector that boasts around 3,000 organisations in Leeds.