Trends Shaping the London Tech Scene by Andy Oram

Trends Shaping the London Tech Scene by Andy Oram

Author:Andy Oram
Language: eng
Format: mobi, epub, pdf
Publisher: O'Reilly Media, Inc.
Published: 2016-08-31T04:00:00+00:00


Borough Markets

As in other cities, certain parts of London get associated with particular types of computer technology: the City (a name that still sticks to the oldest part of London) for fin-tech, Shoreditch for start-ups, Richmond for larger companies. Bennett locates technology for media, advertising, and fashion in West London (because those industries were historically located there).

One central traffic circle is known as the Silicon Roundabout because of the many start-ups clustering around it. The term began as a joke that was picked up by newspapers. At one point the government considered actually building a campus in that roundabout, but that plan fizzled out. (I consider that just as well, because standalone campuses tend to shut out innovation rather than spread it. The government might as well invite entrepreneurs to set up office in the Tower.)

Also as in other cities, the computer field has to flee from its own success, which takes the form of rapidly rising rents. Shoreditch, east of the centre of London, used to be attractive for scrappy new companies, but has recently gotten too popular. Governor says that Shoreditch rents have tripled over the past three to four years, and Verburg’s company actually closed its Shoreditch office. Many of the experimenters are being driven even farther east. The periphery of London, especially the part close to Gatwick Airport, also picks up companies seeking lower rents. The head of a small office in Southwark, a popular area on the south bank of the Thames, told me her office would have to move because their rent just doubled. And as I walked the streets of downtown London, I saw building cranes everywhere.

Many co-working spaces are available. Programmer Konrad Malawski says that Google has a co-working space that offers learning programs. However, Lorna Mitchell believes that most London technologists commute to their organisations’ offices. She says, “No one would live in London if they could telecommute, because the cost of living is so high.”



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