The Angels in the city scheme aims to generate £10 million a year to help fund tech start-up businesses in East London’s ‘Tech City’ also known as the ‘Silicon Roundabout’. The scheme is looking to attract some 125 investors from the city’s square mile who’s cash will be absolutely vital supporting some of the UK’s fastest growing and innovative companies. Tech City continues to expand and back in September it was announced that Google would be leasing a seven storey building to provide office space and support to new technology companies on the Silicon Roundabout. With Government and also Prime Ministerial backing, Tech City is well placed to establish itself as one of the world’s greatest technology centres.
Last weekend also saw the Silicon Milkroundabout recruitment fair take place where technology developers and employers came together to tempt University Graduates to consider careers in technology and show it as a viable alternative to career in Financial Services. East London’s Shoreditch already has a number of tech start-up success stories which include Songkick and last.fm