Boost for East London as Tech City attracts new investment

02/08/2012

By Daniel Hunter

East London receives a boost today (Friday) as five ICT firms announce plans to expand their operations in Tech City, Europe’s fastest-growing digital hub.

The new investment will help drive growth by boosting jobs and company start ups in the area, while helping cement the UK’s reputation as a leading player in ICT.

Milton Keynes, Sheffield and Ulster will also benefit from multi-million pound international business deals announced at the Global Business Summit on ICT, one of 18 summits organised by UK Trade & Investment (UKTI) during the Olympic and Paralympic Games.

Today’s summit will showcase the best of UK ICT innovation and technology to delegates from around the world, promoting new opportunities for international business. Keynote speakers include Chancellor of the Exchequer George Osborne, BBC Director General Mark Thompson, and BT Chief Executive Ian Livingston.

The Chancellor, George Osborne, said:

“The Government is determined to make Britain the technology centre of Europe, with the London’s Tech City at its heart.

“London 2012 is the perfect stage to show investors and entrepreneurs how much we have already achieved, and the exciting potential of what is to come. We are also proud to demonstrate the world-class innovation of the British tech industry, which is helping to deliver the most digitally-advanced Games in history.”

The Mayor of London, Boris Johnson, said:

“It’s fantastic that more and more companies are taking advantage of the enormous benefits of doing business in London, and I am delighted to welcome these new additions to Tech City. London is at the forefront of the high tech revolution, and the 2012 Games have given us a unique opportunity to showcase the unrivalled opportunities for businesses in the capital.

“The official promotional organisation for London, London & Partners, continue to do a sterling job of promoting the city... continued on page two >

 

 

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