UK government wants East End project to rival US’s Silicon Valley

Teraspark

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UK Prime Minister David Cameron has said the UK government want to create a rival to California’s Silicon Valley in East End.

According to plans revealed for the new East London Tech City, a.k.a. Silicon Roundabout, the plans encompass Olympic Village with Facebook, Google and Cisco already committed to opening satellite business there, with new entrepreneur visas being handed out, reports VentureBeat.

The plan is to throw £200 million ($325 million) in equity finance for high growth businesses and match the amount for tech and innovation centers.

“We’re not just going to back the big businesses of today, we’re going to back the big businesses of tomorrow,” the Prime Minister told investors and entrepreneurs in a speech. “We are firmly on the side of the high-growth, highly innovative companies of the future. Don’t doubt our ambition.”

Boston Consulting Group, commissioned by Google, released a report recently stating the UK’s internet industry was worth around $114 billion a year and 250K folks have jobs in the industry.The report also stated it expects the UK’s digital economy to grow by 10 percent a year over the next five years.

Today, it was revealed TIGA had issued a report accounting for the loss of some 890 jobs in the UK games sector, which was a 9 percent employment decline over the span of two years. TIGA head Richard Wilson used the data to once again call attention to a much-need UK tax break for the sector before more jobs are lost to competitive overseas markets.
SOURCE

I'm sorry but this has rightly pissed me off!

If the Coalition Government can afford this then they can blatantly afford tax breaks for the industry here in the UK.

/find wall
/use head
 

Arkano6

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#4
The UK needs to make something, we don't have anything that rivals the US in any way. Other than BP & Aston Martin.

Pretty disappointing.

Today, it was revealed TIGA had issued a report accounting for the loss of some 890 jobs in the UK games sector, which was a 9 percent employment decline over the span of two years. TIGA head Richard Wilson used the data to once again call attention to a much-need UK tax break for the sector before more jobs are lost to competitive overseas markets.
Games cause teenagers to kill people and do drugs.

890 jobs lost in the UK games industry? Ffs, maybe if they got some tax breaks Codemasters would be able to make a decent bug-free game :snicker.

[QUOTE="Teraspark, post: 5261158]Yeah, trust the Tories to screw about.[/QUOTE]

Better than Labour's plan to spend spend spend.
 

Tutankhamun

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The problem isn't building a location to put talent on the problem is getting/keeping talent in the UK. Pretty much all good ones get hired by the bog ones in the US.
 

Zoibie

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Jun 18, 2006
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[QUOTE="Arkano6, post: 5261173]The UK needs to make something, we don't have anything that rivals the US in any way. Other than BP & Aston Martin.

Pretty disappointing.



Games cause teenagers to kill people and do drugs.

890 jobs lost in the UK games industry? Ffs, maybe if they got some tax breaks Codemasters would be able to make a decent bug-free game :snicker.



Better than Labour's plan to spend spend spend.[/QUOTE]

If spending keeps people in jobs, then I'm all for it. Make up the deficit when the economy is stronger, rather than throwing people out of jobs and on to welfa... well, onto the street now.

OK, that's an exaggeration, but still.

Anyway, on topic, sounds ambitious, but if they can pull it off, would be great.
 
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Teraspark

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[QUOTE="Arkano6, post: 5261173]Better than Labour's plan to spend spend spend.[/QUOTE]

True but at least you can straight through Labour, we have to wait for the **** to hit the fan with the Tories.
 
Oct 23, 2007
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Wow, seems like you could just change "Labour" and "Torres" to Democrat and/or Republican (not necessarily in that order) and all of the sudden you are talking about American politics!
 

Teraspark

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[QUOTE="weskurtz81, post: 5261191]Wow, seems like you could just change "Labour" and "Torres" to Democrat and/or Republican (not necessarily in that order) and all of the sudden you are talking about American politics![/QUOTE]

I've always thought the same really. Though we a left party and right party, you guys seem to have two right parties.

I <3 Socialism! :snicker
 

Arkano6

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[QUOTE="Teraspark, post: 5261188]True but at least you can straight through Labour, we have to wait for the **** to hit the fan with the Tories.[/QUOTE]

[QUOTE="Zoibie, post: 5261187]If spend spend spend keeps people in jobs, then I'm all for it. Make up the deficit when the economy is stronger, rather than throwing people out of jobs and on to welfa... well, onto the street now.[/QUOTE]

I'm sorry, but when 'Spend spend spend' leads to invading two foreign countries and a Government that STILL refuses to give the Military the money and resources it needs, instantly loses my faith and respect.

I found out recently that they're cutting EMA! That's pretty shocking tbh, I personally don't get EMA but SO many people in my college do.

[QUOTE="Teraspark, post: 5261197]I've always thought the same really. Though we a left party and right party, you guys seem to have two right parties.[/QUOTE]

At least we have more than two parties.
 

Zoibie

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[QUOTE="Teraspark, post: 5261197]I've always thought the same really. Though we a left party and right party, you guys seem to have two right parties.

I <3 Socialism! :snicker[/QUOTE]

Public healthcare = rightwing?

But yeah, other than a couple of differences, like not being as fragmented or divisive, as well as a couple of key policy/social differences, they're pretty similar.

@Ark, yeah, Labour did drop the ball with military spending, and I'm glad the coalition are doing a better job. The economic crisis came at an inconvenient time International Relations wise.

Cutting EMA isn't Labour's fault, the Tories said they'd get rid of EMA before the election anyway.
 
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Teraspark

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[QUOTE="Zoibie, post: 5261212]Public healthcare = rightwing?[/QUOTE]

Haven't you heard, the Tories love the NHS now.

[QUOTE="Arkano6, post: 5261198]I found out recently that they're cutting EMA! That's pretty shocking tbh, I personally don't get EMA but SO many people in my college do.[/QUOTE]

You're shocked?! Really...this is what the Tories like to do. They would've cut EMA regardless of our current economic situation.

[QUOTE="Arkano6, post: 5261198]At least we have more than two parties.[/QUOTE]

Yeah, but since when were any of them in power? Last time I checked the only other Party were the Liberal Democrats in the 1920's, I think.
 
Oct 23, 2007
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[QUOTE="Arkano6, post: 5261198]I'm sorry, but when 'Spend spend spend' leads to invading two foreign countries and a Government that STILL refuses to give the Military the money and resources it needs, instantly loses my faith and respect.

I found out recently that they're cutting EMA! That's pretty shocking tbh, I personally don't get EMA but SO many people in my college do.



At least we have more than two parties.[/QUOTE]

I don't know if I would brag about your other parties though.
 

Arkano6

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[QUOTE="Teraspark, post: 5261213]Yeah, but since when were any of them in power? Last time I checked the only other Party were the Liberal Democrats in the 1920's, I think.[/QUOTE]

[QUOTE="weskurtz81, post: 5261221]I don't know if I would brag about your other parties though.[/QUOTE]

It doesn't matter when or if they were in power, all that matters is that the choice is there. It's up to the public to make the choice.

I still can't legally vote until 2012, but I would have voted Lib Dem this year if I could have done :).
 

Zoibie

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[QUOTE="Teraspark, post: 5261213]Haven't you heard, the Tories love the NHS now.
[/QUOTE]

I thought you meant the Democrats were right wing. :p
 

John25

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Apr 8, 2008
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[QUOTE="weskurtz81, post: 5261221]I don't know if I would brag about your other parties though.[/QUOTE]

lol True .Isnt there a similar situation in US politics were theres more than 2 parties but like the UK they are basically insignificant ?
 

Teraspark

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[QUOTE="Zoibie, post: 5261227]I thought you meant the Democrats were right wing. :p[/QUOTE]

Haha, when you said public healthcare I thought you meant NHS. :snicker

[QUOTE="John25, post: 5261232]lol True .Isnt there a similar situation in US politics were theres more than 2 parties but like the UK they are basically insignificant ?[/QUOTE]

I dunno, the LibDems are considered important enough to be needed for a majority coalition government this time round.
 
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[QUOTE="John25, post: 5261232]lol True .Isnt there a similar situation in US politics were theres more than 2 parties but like the UK they are basically insignificant ?[/QUOTE]

Yup, we have all sorts of parties (that I would brag about either), but no one knows about them because they get NO play.
 

Zoibie

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[QUOTE="Teraspark, post: 5261213]Haven't you heard, the Tories love the NHS now.



You're shocked?! Really...this is what the Tories like to do. They would've cut EMA regardless of our current economic situation.



Yeah, but since when were any of them in power? Last time I checked the only other Party were the Liberal Democrats in the 1920's, I think.[/QUOTE]

The way I see it, we have a 2 party system with 1 anomaly.

Then again, Monster Raving Loony Party ftw! Their manifestos are a relly entertaining read.
 

Teraspark

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[QUOTE="Zoibie, post: 5261239]The way I see it, we have a 2 party system with 1 anomaly.

Then again, Monster Raving Loony Party ftw! Their manifestos are a relly entertaining read.[/QUOTE]

I wanted to vote for them this year but sadly they weren't running in my county. :(
 

John25

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Apr 8, 2008
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[QUOTE="Zoibie, post: 5261239]The way I see it, we have a 2 party system with 1 anomaly.

Then again, Monster Raving Loony Party ftw! Their manifestos are a relly entertaining read.[/QUOTE]

Shame the Tories arent the anomaly .But dont worry that Little Dem anomoly will be no longer in the political picture come the next GE :p
 

Teraspark

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[QUOTE="John25, post: 5261251]Shame the Tories arent the anomaly .But dont worry that Little Dem anomoly will be no longer in the political picture come the next GE :p[/QUOTE]

You think?

Unless their AV proposals fall completely through then reckon they can make a comeback. I'm personal more inclined to vote for them than the other two.
 

Arkano6

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[QUOTE="John25, post: 5261251]Shame the Tories arent the anomaly .But dont worry that Little Dem anomoly will be no longer in the political picture come the next GE :p[/QUOTE]

The Lib Dems were damned if they did and damned if they didn't. If they joined Labour it would have been bad and we've seen what happened when they joined the Tories!

I still think 'First past the post' is almost as logical as trying to play football with half a leg.
 

RobJackson85

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Mar 25, 2007
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[QUOTE="John25, post: 5261232]lol True .Isnt there a similar situation in US politics were theres more than 2 parties but like the UK they are basically insignificant ?[/QUOTE]

[QUOTE="Teraspark, post: 5261235]I dunno, the LibDems are considered important enough to be needed for a majority coalition government this time round.[/QUOTE]

The last election was all down to the Lib Dems - even though we had a public vote they got the final choice! We could've saved all the trouble at the polling stations and just out right asked them who they would like to join with and run the country.
 

Teraspark

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#25
[QUOTE="Arkano6, post: 5261259]The Lib Dems were damned if they did and damned if they didn't. If they joined Labour it would have been bad and we've seen what happened when they joined the Tories![/QUOTE]

Or they could not have joined anyone. Have a minority government and that undoubtedly goes tits up there would another election and things might've changed.
 

John25

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Apr 8, 2008
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Of course they were Arkano but by the Time ozzy the Slasher osbourne has finished with his cuts all those Lab to Lib voters wont ever fall for that trick again lol go check their FB page it's full of angry Lib voters even the political polls have put them into single figures now.
 

Firefox

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Though I am not a resident of the UK.. having a strong IT sector is very important to any country.. Just look at Russia and Medeved's immense efforts to create one in Russia.
 

Zoibie

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[QUOTE="Teraspark, post: 5261263]Or they could not have joined anyone. Have a minority government and that undoubtedly goes tits up there would another election and things might've changed.[/QUOTE]

How much would public opinion have changed though? After only, say, 3 months? I'm not sure, it might have happened in 79, but that's no guarantee that it would happen again. Lib Dems joining with the Tories was the easiest option.

@Ark I agree we should have AV, but since the election, it looks like AV support has waned.

http://ukpollingreport.co.uk/blog/archives/2861

Glad I'll be able to vote this time.
 
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Teraspark

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[QUOTE="RobJackson85, post: 5261262]The last election was all down to the Lib Dems - even though we had a public vote they got the final choice! We could've saved all the trouble at the polling stations and just out right asked them who they would like to join with and run the country.[/QUOTE]

And democracy would go straight out the window.

[QUOTE="Firefox, post: 5261275]Though I am not a resident of the UK.. having a strong IT sector is very important to any country.. Just look at Russia and Medeved's immense efforts to create one in Russia.[/QUOTE]

We do have a very strong IT sector if not one of the strongest the world. It's just the Coalition government ain't helping it to grow and now, we pretty much a brain drain in the UK.

[QUOTE="Zoibie, post: 5261278]How much would public opinion have changed though? After only, say, 3 months? I'm not sure, it might have happened in 79, but that's no guarantee that it would happen again. Lib Dems joining with the Tories was the easiest option.
[/QUOTE]

Easiest maybe, but, IMO, not the smartest. 3 months can have an impact I reckon, especially if the tabloid get involved which they will of course.
 

Firefox

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You do? I was looking at some Computer Science/IT positions in London a year back (monster.co.uk) and it was very sparse compared to the results in say Canada, California etc...

And by sparse I mean major companies that I could recognize.