London Technology Week is launching today where the mayor of London will be joined by some of the leading figures in the global technology sector including the mayor of New York City, Michael R Bloomberg to launch the first ever technology week in London.
A study created by Oxford Economics has been created to look at the economic impact of London’s expanding technology sector, the results show that the industry will contribute to £12 billion of economic activity in London; along with 46,000 new jobs over the next 10 years.
London’s technology scene is rapidly growing and is described as the most vibrant in Europe. Last year alone 16,000 new businesses were created in Shoreditch contributing towards the technology sector.
The Mayor of London, Boris Johnson, said: “Tech Week is a superb opportunity to hail the success of London’s tech sector, which despite only being in adolescence already makes a tremendous contribution to our economy and is outperforming our rivals around the globe”.
There will be representatives at the event from the world’s biggest tech companies such as Microsoft, Google and Samsung.