A Dallas-headquartered technology company has revealed its plans to set up a base at Newcastle’s Helix development, creating 200 jobs.
Credera, part of the Omnicom Precision Marketing Group (OPMG), is a global consulting firm which focuses on strategy, innovation, data and technology and has consultants in the US, the UK, India and Singapore.
The company has been working with Invest Newcastle, part of NewcastleGateshead Initiative, to establish a presence in the region, which will allow it to broaden its technical reach.
Invest Newcastle also introduced Credera to the North of Tyne Combined Authority where it was able to access an Inward Investment Grant of £1m to support the creation of 160 roles, which is expected to increase to 200.
The group will move into The Catalyst building at the 24-acre Newcastle Helix development.
Chris Dean, Credera chief executive in the UK, said: “Launching our Newcastle office marks the start of another exciting chapter in the Credera story. We believe that the city’s growing tech scene will open the door to new and exciting opportunities for our people and clients alike, and we look forward to welcoming new and diverse perspectives to our community.”
Jen Hartley, director of Invest Newcastle at NewcastleGateshead Initiative (NGI), said: “We’re absolutely delighted to welcome Credera to the region and to Newcastle Helix where they’ll be part of a vibrant eco system of innovation and data.”
She added: “Credera’s arrival in the region is significant in terms of our region’s reputation as a home of choice for digital and tech sector businesses and is testament to the quality reputation the region has established worldwide which will be further boosted by the addition of Credera.”
Minister for investment Lord Grimstone added: “The UK is a fantastic destination for foreign investment, which creates high-value jobs, delivers clean growth and innovation, and builds our economy.
“Last year, foreign direct investment projects created over 1300 new jobs in the North East, and it’s great to see Credera inject £25m into the heart of Newcastle and provide 160 more high skilled positions for locals building their career in tech, with the intention to increase to 200.
“Increased levels of investment outside London demonstrates our levelling up ambitions are having a genuine impact and I am confident that our trade deals will continue to make all four corners of the UK a stand-out place to invest for years to come.”
Ewan Miller, Credera managing director and Newcastle market lead, said: “Recently coined ‘the best kept secret in tech’, we are delighted to be opening our doors in Newcastle. Credera’s mission is to make an extraordinary impact on our clients, our people, and our community, and following our arrival in the city, we intend to do exactly that.”