"People who have lived and worked in the east London neighbourhood of Shoreditch might recall a time when they had to contend with periodic police roadblocks and the whirring sound of helicopters. This was after 2010, when David Cameron became prime minister, and started visiting the area. Cameron and his team were lured by an ecosystem of technology companies in a part of the city known for its vibrant street art and playfully called Silicon Roundabout."
"The United Kingdom is ranked fourth in the world (behind the United States, China and India) for its number of tech unicorns - start-up companies that are now valued at more than US$1 billion but are not publicly listed. Most of these are in London and the southeast of England. But the United Kingdom lacks companies the size of US technology giants such as NVIDIA (valued at $5 trillion)."
Shoreditch became a focal point of government attention after 2010 when the prime minister visited to find the UK’s answer to Google or Facebook. The area attracted a mix of newer digital startups such as Mind Candy and established firms like maritime satellite company Inmarsat. The United Kingdom ranks fourth globally for the number of tech unicorns, concentrated mainly in London and the southeast. Despite this, the UK lacks mega-cap technology firms comparable in size to US giants valued in the trillions. The government has set a goal to create a trillion-dollar tech company by 2035, amid debate about the best path to economic growth.
Read at Nature
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