What’s Happening in Manchester’s Tech Scene

Technology as a market has never been so in demand & buoyant

Big Investments

Gone are the days where your requirement is niche to you. What do I mean by this? Well back when I originally joined the world of Tech recruitment in 2015, I found that businesses held a competitive advantage in the market which often fell into one of three categories (which of course can overlap). These advantages were often Competitive Salaries, Tech Stack or Organisational Culture. On occasion there would be hubs which were open to the more modern approaches to remote / hybrid working and more, but typically businesses would find their perfect candidates due to either the salary they offered, the tech they worked on or the culture they instilled within the team.

Fast forward 6 years to the Tech world of today, and competition has NEVER been higher. After the region has seen a wealth of funding into Tech Start-Ups, we’ve seen a market shift which has allowed Funded Start-Ups to scale rapidly (quicker than ever in fact!). The term ‘well-funded’ is a huge buzzword on job adverts, as ‘Start-Ups’ have been able to scale to ‘Market Disruptors’. It’s within the Market Disruptor space in which the Tech & IT market has seen it’s biggest shake ups.

Plenty of Opportunity

There’s a continual loop associated with well-funded market disruptors; new platforms or businesses are generally more attractive to investors when developed and hosted on the most secure and scalable technology. This leads the vacancies for candidates which offer exciting tech within a greenfield environment. Once the beta product is created and funding can be secured, investors are required to inject a higher amount for ‘development phase’ start ups to secure the talent needed to physically build the product. Equally, it is common for investors to offer higher funding for more secure platforms and there is no way to achieve this without a strong Tech & IT function. When the business officially releases their platform, the proposition changes (from a candidate stance) from Greenfield to Brownfield, and hence the churn in talent begins as candidates vie for a new, challenging position.