The Leading Technology Hub in Europe
What is the score with Tech City and Brexit in July 2017?
The UK was promised a financial chaos by some political leaders and “experts” after the EU Referendum.
The digital industry, both in London and all across the Nation, got scared. They still fear investors, private equity firms and technology talents would run away during and after UK’s EU exit talks.
As of 30th June 2017, London’s Tech City broke a new record with the highest level of capital investments in start-ups. Private equity deals for the first semester of 2017 reached UK £4.5 bn, as stated by London & Partners – the marketing promotional agency of the City.
For the same period, venture capital put some UK £1.1 bn in London’s technology companies. The total is the highest number on record for the past 10 years.
Although Brexit and the General Election provoked business uncertainty in Tech Nation, the fundamentals are very strong for the high-tech industry with world-class universities, infrastructure and finance center.
London has the most business-friendly ecosystem in Europe. The United Kingdom is a leading business magnet for entrepreneurs & leaders according to Doing Business 2017.
Better than Dublin, Paris, Berlin and Amsterdam!
Since the EU referendum on June 23rd – 2016, London has topped major cities in Europe.
More investments were injected in London’s technology sector than any other capital cities in Europe – including Dublin, Paris, Berlin and Amsterdam. Tech City UK is the best place in Europe to start a digital business, find investors and talents from all over the world.
The wide range of technology visas available in the UK makes London the most attractive place for entrepreneurs, incubators, professionals and talents. Whatever the outcome of Brexit Talks, London will remain the Capital of Business and Digital in Europe.
Technology Cities 2018
Fresh Digital Thinking
Brexit or not, London will survive and remain the Finance, Business and Digital Capital of Europe.
There are many reasons why the city itself has a big impact on the tech sector and for the industries that operate in it, including:
- Cities play a big role in drawing talent to an area
- The affordability and what a city has to offer is crucial for people and companies
- The sense of a hub and community drives the industry on
Some of the most important aspects that combine to determine whether a city is right for the tech sector or not, include:
- Business environments such as the cost of doing business and the ability to start a business and the level of investment in an area
- Tech environments such as the level of engagement with the tech sector and what the size and value of the tech sector is
- The buzz of an city which draws people in
- The talent pool of an area and this can be impacted upon by the local educational options, The cost of renting property and the cost of property for employees
Some of the leading cities in the world for tech include:
- San Francisco
- New York
All of these cities score highly on many of the key attributes needed for tech companies to flourish, making them perfect locations for tech firms.
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