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UK’S DCMS AWARDS £2M TO MANCHESTER FOR ITS EXCHANGE PROGRAMME

UK government’s Department for Culture, Media and Sport (DCMS) has just awarded Manchester’s Enterprise City, a £2 million grant to support its tech Exchange programme.

Enterprise City is known as the technology and media cluster in central Manchester. It’s a 2 million square foot commercial district that boasts of a series of tech-driven and creative buildings where modern industries can flourish by focusing on digital skills, exemplary talent, new technologies and global communication.

Enterprise City’s Exchange is a new business support programme that is designed to host and ‘incubate’ entrepreneurs and small to medium-sized enterprises (SMEs) working with developing digital technologies such as the clouds and cyber security. It further promises to give “ambitious, early stage tech companies and entrepreneurs access to the tools and infrastructure they need to grow and succeed.”

The new funding from the central government will be managed by Manchester City Council (MCC) on behalf of DCMS with the aim of creating and sustaining over 2,000 jobs in the city over the next 15 years by nurturing start-ups and fostering collaboration.

“Exchange is a unique programme that adds genuine value to the city and its booming tech and digital sector. We would not be able to deliver this level of comprehensive training and coaching without the funding from MCC and DCMS, which will create more than 2,000 jobs in the city,” said Tanya Grady, head of partnerships at Enterprise City.

Last year, U.S. cloud and IT consulting services firm Slalom, selected Manchester as the location for its second UK office after London. The company partners with over 200 solution providers including Amazon Web Services, Google Cloud, Salesforce, Microsoft and Tableau, to help its clients tackle digital transformation.

This DCMS grant is expected to make the technology hub more attractive to cloud service, cybersecurity and edge technology firms within and outside the UK.