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Business & Economy

Tech firm Version 1 to create 200 North East jobs at Newcastle office

A tech firm has revealed plans to create 200 jobs in a North East expansion.

Version 1 is opening a Newcastle office.

The company says it will create jobs over the next two years, with a £1 million partnership alongside the North of Tyne Combined Authority (NTCA) expected to bring a skills academy to Newcastle.

The Dublin-founded firm – which provides IT services globally – follows Arctic Wolf, Monstarlab and Thoughtworks in laying down North East roots, and local investment bosses have hailed its arrival as another tick in the box for Newcastle’s “reputation as a leading tech location”.

Sam Cassidy, inward investment manager at Invest Newcastle – part of NewcastleGateshead Initiative – which worked to bring Version 1 to the region, said: “We first spoke with Version 1 in September, and it was exciting to hear they had Newcastle on their radar.

“Their city centre base will benefit from our growing ecosystem and access to our networks including universities, colleges and national centres for excellence.”

Highlighting Version 1’s place in the city’s tech arena, Councillor Nick Forbes, leader of Newcastle City Council, added: “We are becoming the natural home for digital and tech companies.

“Its commitment to invest and create 200 quality jobs reflects the continuing confidence tech businesses worldwide have in our region.”

Reiterating NTCA’s £1 million support for Version 1, from its Inward Investment Fund, North of Tyne Mayor Jamie Driscoll said: “This is yet another fantastic company moving to the region.

“It joins our growing tech and digital sector, providing good jobs that will sustain people throughout their career.”