Northern businesses are left unimpressed despite Chancellor George Osborne’s infrastructure updates and support for further devolution
In a nod to the government’s plans for a robust northern powerhouse, George Osborne confirmed plans for the HS3, Crossrail 2 and further devolution of power. The northern business community, however, is less than impressed, calling for more investment in digital infrastructure beyond a 5G network.
“While Osborne acknowledged the imminent arrival of 5G technology will bring forward the government’s innovation proposals, there must targeted investment in digital northern infrastructure, which so far has remained largely theoretical,” he added.
For James Blake, CEO of the Manchester based big data analytics firm Hello Soda, the northern powerhouse extends beyond just infrastructural updates. “The north of England has already made huge strides in growing as hub for businesses. Now that we have a strong foundation, it’s vital that we build on the success to date to create a viable and sustainable economic future for the region.
“As a FinTech company, we’ve been told that we’d be better placed in London but we are passionate about the north of England. Our success to date in being a small Manchester start-up three years ago to now having a global presence and servicing businesses internationally is evidence of the potential the region offers,” he said, in support of Manchester’s growing tech scene.
What about the midlands?