About our pilot projects

Financial technology - or Fintech - is technology that supports or enables banking and financial services. Fintech is one of the UK's fastest growing sectors.

Norfolk's fintech cluster has many of the ingredients of an important fintech cluster. Despite this, it is yet to be recognised by UK government and policy makers.

Currently, there is no process for developing a cluster plan. There's no model for cluster leadership, governance and community building.

Led by Tech East, the project will boost Norfolk's profile by:

• Creating the conditions needed for a sustainable fintech cluster to flourish
• Attracting inward investment, and
• Creating new high-skilled jobs for the county.

It will do this by:

• Establishing a governance model that pulls together Norfolk's assets under the 'fintech' banner
• Developing Norfolk's credibility and reputation in the UK and internationally, and
• Ensuring the cluster is joined up with nearby clusters in Ipswich, Cambridge and London.

Key outputs

• Fintech report and launch event
• Fintech hackathon
• Website and social media presence

Thematic objective(s)

• Business Growth and Innovation
• Climate change
• People and Skills

Duration

• April 2023 - March 2025

Funding

• Project budget: £149,018
• Norfolk Investment Framework funding: £81,018