Small and medium-sized enterprises are at the heart of the UK economy, accounting for almost half of private sector turnover. It comes as no surprise in the current economic climate then, that the government is keen to do everything it can to support this sector of business.
But to make this happen, politicians have been joining up with some of the bigger players in the business world. One of the latest collaborations has been with Google, which has been working with the government to develop the 'Google Campus' in Shoreditch.
The location will be the “largest purpose build space for start-ups in the whole of Europe” and should provide an important base for technology firms to grow from. Those that prove successful could even be snatched up in purchase deals a few years down the line if the campus manages to draw sufficient attention and resources.
Chancellor George Osborne, who launched the site officially today (29 March), explained the philosophical approach behind the Google Campus and Tech City as a whole: “Wherever possible, our approach is to go with the grain of what’s already happening, and help good things to expand and grow.
“So when local entrepreneurs started saying to us 'there’s something really special happening in East London, but we need Government to help shine a light on the cluster and bring new investment to the area' …we responded to that request.”
We've watched technology grow at an exponential rate over the past few years as more and more new developments are opened up to savvy entrepreneurs and businesses. The launch of the Google Campus and the continued expansion of Tech City looks set to deliver even more opportunities to those looking to invest in the technology sector.
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