London’s ‘digital tentacles’ sucking in £12bn
London’s flourishing tech scene will inject an extra £12bn of economic activity into the city, adding another 46,000 jobs over the next decade, according to a new report.
London’s flourishing tech scene will inject an extra £12bn of economic activity into the city, adding another 46,000 jobs over the next decade, according to a new report.
London’s flourishing tech scene will inject an extra £12bn of economic activity into the city, adding another 46,000 jobs over the next decade, according to a new report.
The study, assembled by Oxford Economics, suggests that the London tech industry will grow annually by 5.1% over the next decade.
The Silicon Roundabout in Shoreditch is fast rising as the epicentre of digital output in the UK and with its expansive success creating 16,000 new businesses last year alone, it will become one of the most important economic regions of the capital.
Commenting on the London Technology Week event, London mayor Boris Johnson said: “The tentacles of our digital army now spread to every corner of the capital and far beyond.”
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