World Business News

A round up of the latest news for those doing business internationally

Entrepreneurs flock to London

Zone(s): UK ¦ Sector(s): Finance, Entrepreneurs
[9 June 2014, CITY A.M.]  London dominates a new league table showing the hottest neighbourhoods for start-up companies, with all but three of the UK’s top 20 areas for business creation located within the capital.

Topping the list, published by accountancy firm UHY Hacker Young, is the postcode EC1V – home to the so-called tech city cluster of digital companies, also known as Silicon Roundabout. An astonishing 15,620 startups were located in the area during the last financial year.

The next-highest ranked location was SE1, home to the Shard as well as Bankside and Southwark, where 5,850 firms were set up. In the area, there was a 13 per cent bump from the previous year.

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