When Tech City was opened in the heart of East London near Olympic Park back in 2010 it only hosted 10 digital technology companies but since then that number has grown to cross the 300 mark. The Chancellor, George Osborne, has vowed to make United Kingdom the “technology centre for Europe”. That seems to be coming true with each year passing.
Osborne opened the Google Campus in the Old Street area of East London that will provide the working space to technology start-ups. One of Google’s spokeswoman said that it is a “transformational moment for the UK start-up community.”
Mr. Osborne deems that Google Campus will pave the way for the next generation of British technological start-ups. He said, in respect to the partnership with Google, “This partnership model is absolutely in line with our approach to Tech City…The government doesn’t believe you can click your fingers and create a technology cluster. Wherever possible, our approach is to go with the grain of what’s already happening.”
Despite such efforts the local government is criticized due to London-centric planning to bring about all the positive changes for tech industry.
John Hart who is the communication manager for Sunderland Software City said “We’re an incredibly weightless industry, so a single location seems counterintuitive.”
There are some people who aren’t very hostile towards Tech City and moves made in the line of this vision, but they do favor North zone over East and suggest for some precautions before other take them over.