Is London the tech capital of the world?


London has come a long way since the start of this decade.

The development of Tech City UK has helped to galvanise the city’s tech community, providing support and funding for creative industries and office space so they can be housed together.

The Mayor of London has also played a big role, as Boris Johnson has been keen to drive jobs and growth across the city by harnessing the potential to make London the tech capital of the world.

Research by YouGov underlines the huge progress that has been made, as 84 per cent of tech firms based in London believe the outlook is bright for their sector, while 61 per cent said the city’s position as a global hub has helped their company.

Nearly three-quarters (71 per cent) of those questioned think being located in London will be essential in securing the investment they need, which demonstrates how big a pull the city is becoming.

“There is nowhere to rival London for tech firms to thrive and grow – we have the talent, the investors, and the entrepreneurial spirit,” said Mr Johnson. “Our tech offer now spans the capital in its entirety, from Tottenham to Croydon and from Wembley to Queen Elizabeth Olympic Park.”

A measure of London’s willingness to help tech startups grow can be seen by the fact it has 32 accelerators and incubators for startup companies – there are only 50 throughout the UK.

Nicola Mendelsohn, vice president EMEA Facebook, has previously said she thinks London is a “rich source of engineering and technology talent”, and this played a big part in the company’s decision to locate in the city.

“The best people are already here and we keep playing an active role in this ecosystem which is second to none. London is a great place to be for building the future,” she stated.

Tech companies will be even more attracted to the site thanks to two new initiatives, which are designed to help make the capital the best-connected city in Europe. The Connectivity Ratings Scheme and the Connectivity Map are designed to make it easier for companies to find out which buildings best suit their connectivity needs.