Saturday September 19, 2020

British tech bulldog shows its teeth

London is developing a major tech hub with tax breaks and initiatives. So are we being outflanked by our neighbour in the race for tech prominence? Shane Hickey reports.

13th July, 2013
Dylan Collins, chairman, Gruupy.com: London's Enterprise Investment Scheme and Seed Enterprise Investment Schemes are 'very compelling'. Photo: Tony O'Shea

When British prime minister David Cameron and his Tory rival, London mayor Boris Johnson, launched the Tech City initiative for east London in 2010, the contribution of internet commerce to Britain stood at an imposing figure.

According to a report from the Boston Consulting Group, 8.3 per cent of GDP came from the internet economy in that year - a figure which the British aim to increase by 50 per cent within the next three years.

At the...

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