This is an exciting time for East London. The regeneration of the Stratford area will prove one of the lasting Olympic legacies. Tech City, the cluster of digital and technology start-ups around the Old Street Roundabout, has mushroomed to 3,200 companies employing 48,000 people according to a new Centre for London report. In 2008 that number was a mere 15.
Britain's haul of gold medals in the Olympics has changed the nation's perceptions of our small island: we can emphatically be winners. Now is the time to celebrate Britain's success across more than just sport - our country, and London in particular, has quietly become one of the most amazing new hubs for digital, media and start-ups in the whole of Europe.
Despite the uncertainty facing the nation in the current economic climate, there remain many high potential entrepreneurs in the UK. What amazes me is that while some are lacking the connections and resources to take their ideas to the next level, the relationship they have with technology is unique and their originality and affinity for IT is astonishing.
There is a lot that London and the UK can offer. London in particular is the mothership of global finance. The media industry is based here along with government and great universities and business schools. Also, English is the native language of the technology industry, so the UK has the advantage over other countries.
The best economies are the ones that produce the best ideas and for the UK to remain a successful and creative economy it has to be a centre for ideas, risk taking and innovation. The role for government should be to create the conditions which make the best and most creative people want to stay in or come to the UK.
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