David Cameron Wants Silicon Valley in East London

Posted on Nov 4 2010 - 5:45pm by Richard Sharp

The UK government has put forward ambitious plans today in a bid to create a UK version of silicone valley. A list of multi-national companies such as Sony, Microsoft, Google, Facebook and BT are said to have plans to develop an area in East London that is set to create 610,000 jobs by 2015.

A new global technology taskforce (sounds very GI Joe/mission impossible) has been created to attract the crem Della crem of technology companies to the UK as well as helping start-ups and entrepreneurs make it in the market place.

Will the East-end of London look like this?

The announcement was made by David Cameron during a visit to the Olympic site at Shoreditch today. It is a clear indicator that Cameron wants technology to encourage growth after the games has finished in 2012. The Prime Minister, David Cameron, said: “We are firmly on the side of the high-growth, highly innovative companies of the future.

“Right now, Silicon Valley is the leading place in the world for high-tech growth and innovation. But there’s no reason why it has to be so predominant. Our ambition is to bring together the creativity and energy of Shoreditch and the incredible possibilities of the Olympic Park to help make East London one of the world’s great technology centres.”

The UK’s ICT industry is currently one of busiest in the world; it employs a million people and brings in more than £64 billion into the UK economy.

Part of the new taskforce’s job will be offering networking and events to stimulate business ideas, contracts and partnerships. They will also be holding events to heighten awareness and growth of accessing technology and intellectual property.

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