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London’s Tech City is growing – as are the number and variation of digital jobs

posted Feb 2, 2017, 1:48 AM by Unknown user   [ updated Feb 17, 2017, 7:21 AM ]
Less than a decade ago, a part of London’s East End was labelled “the Silicon Roundabout” in reference to the fact that it had become home to a small group of tech startups. As the number of startups rose, the Silicon Roundabout started to be known by another moniker, “Tech City.”

According to research conducted by London & Partners and cited by the Evening Standard, a record number of foreign firms set up operations in London during the first quarter of this year. These enterprises invested an unprecedented £450 million in the city’s tech sector, creating hundreds of digital jobs in the process.

“Companies from all over the globe want to establish a base here because we have the best access to finance and markets, an incredibly talented workforce and overall first-class conditions in which to do business,” said London & Partners CEO Gordon Innes in a statement quoted by the Standard.

Name and number changes aren’t the only adaptations that Tech City has experienced over the years – the nature of the startups located in the area underwent a gradual transformation as well.