Being open to new ideas and new people has made London the best city for digital entrepreneurship in Europe, but we want to take the tech sector to the next level. Tech.London is a fantastic resource for tech entrepreneurs and everyone in this dynamic industry to realise their potential in this great city.
Mayor of London
LONDON, Monday 15th June 2015
For Immediate Release
London cements position as tech capital of Europe at launch of London Technology Week
- Capital’s digital technology sector employs almost 200,000 people
- Mayor of London Boris Johnson MP helps to launch Tech.London with IBM – a dedicated online hub for capital’s digital industry
Five years since the Mayor of London, Boris Johnson MP and the UK Prime Minister, David Cameron launched the Tech City Initiative, new research shows London has cemented its position as the most important tech hub in Europe and is forecast to boost its economy by £18bn in 2015. The research coincides with the launch of London Technology Week, a week-long celebration of the capital’s tech sector.
London's digital technology sector is growing faster than both the London and wider UK economy and will continue to do so for the next decade according to research from London & Partners, the Mayor's promotional company for London.
The figures produced by Oxford Economics¹ show that the number of companies in London’s digital technology sector has grown by 46 per cent since the launch of the Tech City programme. The sector now employs almost 200,000 people, 17 per cent more than in 2010.
Other research from the professional services firm EY2 released to mark the start of London Technology Week shows London’s dominance of tech across Europe, and the city’s attractiveness as a tech hub. According to EY more than 1,000 international tech investment projects located in London between 2005–2014, significantly more than the next most attractive city, Paris (381) or the whole of France (853).
The Mayor of London, Boris Johnson MP will today help to launch the first ever dedicated online hub for the capital’s thriving digital industry. Sponsored by IBM, and created by Gust, the ‘Tech.London’ website includes all the latest information and resources that people in London can use to access opportunities in the tech sector, connect with each other, and grow their businesses. Content includes London’s latest startups, investors, events, jobs, classes, blogs, videos,workspaces, accelerators, incubators, and other tech or startup resources.
Contact: Holly Sainsbury
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