Sage invests £40m in new hub for North East colleagues and future economy

Today (July 1), Sage has revealed it will invest £40m in the region in the next three years.

This funding is set to create an improved experience for colleagues, customers and partners, and strengthened technology and customer facing capabilities.

As part of this transformation, Sage will be moving its flagship UK offices from North Park to Cobalt Business Park.

Sage is also announcing that it is hiring to fill around 500 roles in product engineering, data science, support and sales.

Steve Hare, CEO of Sage, said: “The UK’s 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.

‘Our colleagues are one of our main strengths, and I’m 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.“

From late 2020, nearly 2,000 Sage colleagues and all new hires could benefit from the newly refurbished hub.

Sage is planning to spend £1.6m to ensure that all of its colleagues receive training in leadership and innovation.

Secretary of State for International Trade, Dr Liam Fox MP, added: “The 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’s best tech success stories.

“Their technology plays a vital role in enabling UK companies to do business each day and facilitates exports to markets overseas.

“My department is committed to attracting investment from across the globe to ensure that we remain the number one destination for investment in Europe.

“Sage’s 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.”