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Study: London: The ultimate startup hub

posted Feb 2, 2017, 2:35 AM by Annaleis Montgomery   [ updated Feb 17, 2017, 7:29 AM ]
IT recruitment agencies in London are sending streams of candidates to startups in the Tech City area of the capital, which explains why the RBS regional growth tracker pointed to Inner East London as having the fastest growing local area economy in the nation last year. However, the Silicon Roundabout is by no means the city’s only startup hotspot.

“The Silicon Roundabout is by no means London’s only startup hotspot.”

As The Telegraph reported, one-quarter of searches conducted using online office space rental marketplace Hubble targeted the Shoreditch area. While Tech City still topped the list of places in which businesses are seeking office space, other parts of London are becoming increasingly attractive to startups as well – particularly Soho, Fitzrovia and Covent Garden, which attracted nearly one-fifth of the almost 150,000 office searches conducted on the Hubble website over the past year. Other contenders included:
  • Clerkenwell, Holborn and Bloomsbury (16 per cent of searches)
  • The Southbank (13 per cent)
  • The City (10 per cent)
  • Camden, Islington and Kings Cross (8 per cent)
  • Victoria (less than 5 per cent)
  • Docklands (less than 5 per cent)
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