London: The place to be if you’re in IT
Streets paved with £27bn…
London is the top European city for technology and IT companies to invest in as they look to take advantage of the city’s global talent pool and breadth of businesses.
The capital’s technology sector is currently worth £27bn with annual growth of around six per cent, according to the city’s foreign investment agency Think London.
Almost half of all Californian investment in London during the last five years has come from IT and telecommunications companies.
Marc Hardwick, research manager at Think London, said: “London’s ecosystem is very attractive.
The convergence of a number of important industries has been another boon for tech companies looking to invest in the capital, according to Think London.
Several major advertising, marketing and media operations are based in the city while there is also a world-class R&D sector.
In addition, London’s role as a leading international financial centre means businesses have easy access to investment capital, said Hardwick.
Other major international cities such as New York and Tokyo are struggling to compete with the breadth of sectors found in London, Hardwick added.
London plays a significant role as the gateway into the European market but also possesses a very cosmopolitan and diverse business community.
Hardwick said: “Where London does well is it’s incredibly internationally focused.”
London won’t be able to compete with cities in India or other developing countries in terms of cost, he added, so will have to continue to offer the best infrastructure and people.
Your article should be posted at ThinkLondon.com – the organisation promoting London as world’s leading city.
I think London should also consider outsourcing to keep advantages and competitve with rivals.
Ryan Zhao
ryan@gvlocalization.com
My Friend Sanjai is also in UK
thanks for the photo. check out http://www.globalservicesmedia.com
i read ur personal details n i believe u r a consultant with a lot of exp. Here the facts abt london are quite interesting however, wat is ur point of view on it? i wud want wat do u think of IT industry in London.
ashish,
it will be there till the 25th.
global services opened up its blogs to non-global services edit staff only on june 19th–and you posted a blog on the 20th. that makes you the FIRST non-global services person to blog at our site. congratulations, and we look forward to more posts and comments from you.
btw, your blog is also up at global services’ home page (www.globalservicesmedia.com)–wish we had your photo to put up alongside
interesting thought. silicon valley…bangalore…london.
i agree that while london could emerge as a major IT centre, it will not be able to compete with india, china or russia in terms of cost.