Sprucing up Silicon Roundabout

 
Silicon roundabout

David Cameron and Boris Johnson have unveiled plans to transform Silicon Roundabout - or rather Tech City as the government likes to call it.

A number of major international firms announced new investments in the east London technology cluster , but the big news is about the roundabout itself.

The Old Street roundabout, the busy and undistinguished traffic intersection which is the focus for Tech City, is to be given a complete makeover.

What we're promised is what the prime minister described as "the largest civic space in Europe - a place for start-up companies and the local community to come together and become the next generation of entrepreneurs".

An excited Downing Street advisor tells me that this will become a focal point for the creative and technology types who inhabit the streets of Shoreditch and the fringes of the City.

"There'll be 3D printing labs, artists and designers will drop in," he explains. With the 3D printing revolution taking off, he paints a picture of a new age of digital manufacturing, starting in the London cluster but spreading out across the UK.

Old Street roundabout London's Silicon Roundabout - in need of a makeover?

The pictures of the plans certainly look a lot more attractive than what is there at the moment, and Tech City could do with a landmark venue - something for television reporters to use as a recognisable image, and a place to take visiting investors to prove that there's more to the area than a few web designers getting together over a latte.

But this does not come cheap - the government is investing £50m in the new building, and what is described as the "peninsularisation" of the area around the roundabout. There will be further contributions from Boris Johnson's budget and hopefully from the private sector.

If you were a start-up technology company in a cluster elsewhere in the UK - in Dundee or Guildford or Cambridge - you might ask why yet more money and attention was being focused on London.

Silicon Valley and its imitators

The term "Silicon Valley" was coined in the 1970s to describe the Santa Clara Valley in the San Francisco Bay area, where a number of technology companies were based. It now describes the US tech sector as a whole, and has given rise to several international imitations - here are a few:

  • Silicon Wadi - Israel
  • Cwm Silicon - Wales
  • Silicon Sloboda - Moscow
  • Silicon Savannah - Kenya
  • Silicon Welly - Wellington, NZ

Mind you, the other day I asked one of the leading lights of the Cambridge technology scene whether he was jealous of the spotlight shone on Tech City. He smiled, and said Cambridge didn't really need to worry as it had lots of real hi-tech firms started by scientists, rather than what he dismissively described as the "munchkins" starting businesses in east London.

Still, Downing Street believes that the decision by the prime minister two years ago to throw his weight behind the east London cluster is already paying off.

"Berlin, Paris - they've nothing like this," I am told. The government says there has been a huge increase in the number of start-up technology firms in East London since it got involved in promoting the area.

What we have not yet seen is whether any of them can grow into the world class companies that have emerged from some of Britain's other tech clusters.

 
Rory Cellan-Jones, Technology correspondent Article written by Rory Cellan-Jones Rory Cellan-Jones Technology correspondent

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  • rate this
    0

    Comment number 147.

    In which case, be sure to ask Dave and Boris to ensure that all addresses within a 1-km radius of the roundabout can get fiber access speeds of at least 100 Mbps and preferably 1 Gbps. My startup business is 500 meters from the place and can only get 8 Mbps ADSL—Broadband Britain is a (sarcastic) laugh.

  • rate this
    +1

    Comment number 146.

    Good: People are doing business at Old Street.
    Bad: The name "Silicon Roundabout" is so wrong - who named it? It has no more to do with silicon than BBC News - because computers use silicon. A recent Guardian article on the SR top 20 lists data analysis, currency, finance, fashion, couriers, takeaway food & luxury travel. That's not exactly Intel, Apple or ARM. Try "Services Roundabout" instead.

  • rate this
    0

    Comment number 145.

    reply to comment 23
    great idea, in my experience (school ICT Technician) schools have a serious shortage of teachers with IT knowledge, my school has no computer science teachers or lessons, all people teaching ICT are teachers of other subjects in most cases they have little to no IT knowledge, even our Network Manager/ Head of ICT is a Maths teacher by training.

  • rate this
    0

    Comment number 144.

    Given the amount of attention the Government are focussing on Silicon Roundabout, I'm surprised they are not doing more to encourage experienced employees in the tech sector to quit their regular jobs and start up their own small businesses.

  • rate this
    0

    Comment number 143.

    People base businesses in London because it has airports, culture, lots of educational establishments, it's close to the centre of power and generally has a good public image. But as a non-native london resident originally from the North East I wish that some investment went to my region so I didn't have to leave my family to come live here.

 

Comments 5 of 147

 

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