14 December, 2023 — New research shows Sage, the leader in accounting, financial, HR and payroll technology for SMBs, is helping to transform the economic landscape of the North East through an economic footprint of £411m and a network of almost 3,000 jobs.
With its global headquarters based in North Tyneside, Sage has been a stalwart in the North East business scene for almost 43 years with its technology being used by nearly half of the region’s SMBs.
Its pride in the region extends beyond business with Sage being the naming partner for the biggest conference and events centre development to be welcomed on The Tyne; work is due to start on The Sage in the Spring.
The new report, by the Centre for Economics and Business Research, shows for the first time the true impact of that support:
A vital source of employment for the region
A significant economic contributor to the North East business economy
A champion of regional skills development with an aim to foster local tech talent and sustainable tech careers
Committed to empowering communities
Paul Struthers, Managing Director of Sage UKI, said: "Sage is proud to call the North East home, and we're fully committed to driving regional economic growth, nurturing local talent, and empowering businesses to thrive. These statistics reflect our dedication to the region's prosperity but also the passion behind our regional heritage.
“We believe the North East is the best place to start and grow a business, with transformational innovation happening on our doorstep, helping to foster sustainable skills and careers, while boosting the region’s economic resilience."
FareShare a regional food surplus distributor, said: “In the last 12 months, Sage colleagues have helped to pick, pack and deliver food to 224 Charities, enough for 2.9 million meals. It is estimated that 25K people in the North East have benefitted from this food. Sage colleagues have completed 470 hours of regional volunteering in the last six months, which has been incredibly beneficial.”
Andrew Thompson, Managing Director of Cleveland Containers, said: “We’re incredibly excited and confident about the future, having substantially grown market share, revenue and profits in recent years. Technology is incredibly important to this growth. It impacts so many areas. We can plan and analyse trends better, which enables us to make quicker, more informed decisions on investment, people strategy and customer pricing.
“To use software that was built in the North East for business based up here is a huge testament to the innovation we have in our region.”
To find out more about how Sage supports the North East, please read the full report here.
Glossary of terms and methodology:
Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid-Sized Businesses served by us, our partners and accountants. Customers trust our finance, HR and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.