London’s tech industry has a lot to be proud of. Kicking off its first ever Technology Week on 16th June 2014, this series of tech events was an opportunity for London to showcase its role as an international powerhouse for technology innovation and as a central meeting point for the world’s most influential tech companies. London & Partners, founding partner of London Technology Week, announced the final guest numbers for the event were 'close to 40,000', which is 10,000 more than originally expected!
"London's first ever Technology Week will showcase London’s role as the digital capital of Europe, with a range of innovative businesses now calling the city their home, attracting both significant investment and some of the best and brightest talent on the planet. Throughout the week tens of thousands of the industry's top tech professionals will flock here to share brilliant new ideas, build business relationships and help cement London's position as a top global tech hub."
- Mayor of London, Boris Johnson.
London’s tech industry is growing faster than Silicon Valley
According to research by Oxford Economics, London’s digital tech sector will grow at a rate of 5.1% a year, adding £12bn to the economy and creating 46,000 new jobs in the capital.
“In recent years the tech sector has played a crucial role leading economic recovery, accounting for 27 per cent of new job creation. We are producing world-leading digital businesses, which in turn are fuelling wealth creation and employment.”
- Chair of Tech City UK, Joanna Shields
Another study by South Mountain Economics found that 744,000 technology and information workers are employed across London and the U.K.'s east and southeast regions (including Oxford and Cambridge). According to this study, London is growing faster than that of California and employing more workers in financial tech than New York.
Also announced at Tech Week, is an educational endeavor with King’s College London and the University of Warwick, in partnership with New York University. They will establish a Centre for Urban Science and Progress in London, based at Canada Water from 2018.
See below for a great infographic from London & Partners on "Why London for Tech":