Exclusive

BACKING BUSINESS AMBITION

The industrious towns and cities across Yorkshire and the North East are all playing their part in driving the Northern Powerhouse forward, and at the crux of this is an abundance of ambitious mid-sized firms.

Backed by strong management teams, there are businesses across all sectors of the economy investing for the future, exporting to new markets and launching innovative products and services.

One sector making a name for itself in Yorkshire and the North East is the technology industry. With the turnover of digital technology businesses in the UK growing 32 per cent faster than the national average, the potential of these organisations is clear.

Indeed, some of LDC's most recent technology investments come from this region.

A new addition to the LDC portfolio in 2016, cloud IT and communications firm, Giacom is based in Hull. With a focus on the micro-SME market, Giacom now operates one of Europe's fastest growing cloud marketplaces.

York-based Mitrefinch, which provides human capital management (HCM) software to more than 3,500 organisations, is helping to reduce costs whilst improving efficiency and compliance. LDC invested £20million to support the business' international expansion, and is continuing to develop new and existing relationships in the UK.

Not confined to technology, the region's success stories cover a much wider landscape. With a great history and provenance in the food and drink sector, it's little surprise to see that many local brands are thriving on a national stage, whereas the region's support services sector is also going from strength to strength.

Firms like the iconic Yorkshire crisp brand Seabrook, also an LDC portfolio company, continue to make waves both at home and abroad. Following a deal to supply its premium Lattice crisps to Lulu Hypermarket, the Gulf supermarket chain with stores across the Middle East and India, Seabrook is now in talks with a number of international buyers and has many more exciting export prospects in the pipeline.

Another firm making a name for itself internationally is Bradford-based Driver Hire. The specialist transport and logistics recruiter, which is part of the Specialist People Services group, has recently announced it will open a fifth Driver Hire Australia office in 2017, the group's fifth year of operating in the country.