I’ve supported Northern tech companies for the last 10 years and continue to marvel at the quality and quantity of tech businesses coming out of the region.

Silicon Valley Bank is the bank of the world’s most innovative businesses, enterprises and their investors. We work with tech startups all the way through to PLCs and lend to businesses such as Trustpilot, The Hut Group, Secret Escapes and Made.com.

I was SVB's first UK hire outside of the bank’s London office and my appointment reflects the strength and quality of the Northern tech ecosystem.

Whilst London’s tech credentials are well known, tech entrepreneurs and investors are increasingly looking towards the North, where the cost of living is less and there’s good access to fantastic universities.

The North has been a very strong landing ground for SVB and we have been overwhelmed by the interest in the brand having already gained several new clients since expanding into the North, and only last week supporting GBG plc on their £233m acquisition of IDology.

Silicon Valley Bank is delighted to be supporting BusinessCloud's North West Tech 251 list, which is packed with start-ups, scale-ups and established tech companies.

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It’s a great time to be a tech company and the list shows the strength of the sector beyond Manchester, with a good representation of firms in Liverpool, Lancashire, Cheshire and Cumbria.

I personally believe the best is yet to come when it comes to the North West tech sector and Silicon Valley Bank will be playing our part to help move these bold ideas forward, fast.

  • Richard Faulkner is a managing director of technology banking at Silicon Valley Bank. E:rfaulkner@svb.com
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