finance

Newcastle Tech and Digital Firms Create Jobs in Professional Sector

Recent figures show how companies in Newcastle and Gateshead are contributing to employment in professional and technical fields.

By Newcastle Business Desk · Published 25 July 2026

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Newcastle Tech and Digital Firms Create Jobs in Professional Sector — Photo by Harold Litwiler, Poppy / flickr (by-sa)

Over 1,700 new jobs were created in Newcastle and Gateshead in the 2023/24 financial year, with 52% of new companies coming from the Digital and Tech sector. This development highlights activity among local businesses serving needs in professional, scientific and technical areas.

Economic Indicators from Recent Data

Newcastle upon Tyne has 228,713 employees with a 14.63% employee growth rate, anchored in professional, scientific, technical, and retail trade sectors. These figures come from reports covering the city's workforce and point to sustained operations by businesses in those fields.

Forecast Growth Tied to Key Industries

Newcastle's economy is forecast to grow by 6.8% by 2028, driven by its thriving life sciences and tech industries which have expanded by 51% since 2013. The city is projected to achieve 1.5% annual GVA growth over the next three years and 0.8% annual employment growth, both outpacing the UK averages of 1.6% and 0.7% respectively. Local companies in these sectors continue to operate amid these projections.

Regional Investment Context

The North East region's upcoming £4.2bn devolution deal is expected to drive further strategic regeneration and commercial development in Newcastle. Businesses already active in digital, tech and related services stand to operate within this framework as it progresses.

Evidence for these updates draws directly from council announcements and regional economic reports that track job creation, employee counts and growth forecasts. Companies in the digital and tech areas have contributed to the documented job additions while meeting demand in professional and technical services across Newcastle and Gateshead.

The combination of existing employee numbers and sector-specific company formation shows how local operations align with broader workforce needs. Further details on the devolution deal will clarify additional commercial pathways for businesses already established in the area.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.

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