Silicon Roundabout is still London's tech capital

Tech City won't be giving up its title as the capital of London's - and Britain's - tech scene any time soon, according to new research.

Silicon roundabout london
Private and commercial property estate agent Stirling Ackroyd found that there are 3,228 tech firms for every square kilometre in the EC1V postcode, otherwise known as the Silicon Roundabout area. That compares to just 58 tech firms per square kilometre over the rest of the capital.The findings run somewhat counter to anecdotal evidence suggesting that as tech companies have set up shop in the Shoreditch area rents have shot up, forcing many tech businesses to look elsewhere.Figures released by office space rental marketplace Hubble in June showed that 66 per cent of start-ups were searching beyond Tech City, with Shoreditch (home of the technology sector hub) only receiving 34 per cent of all searches.But Stirling Ackroyd's study showed that Silicon Roundabout is 56 times denser with tech companies than the rest of the capital. Similarly, the area is 16 times more densely packed with tech firms than Birmingham's 'Silicon Canal', 17 times more than Brighton's 'Silicon Pier', 20 times more than Brisol's 'Silicon Gorge', 33 times more than Glasgow's 'Silicon Glen' and 73 times more than the famous 'Silicon Fen' area in Cambridge.Beyond the Shoreditch area is a W1 cluster covering High Street, Portland Place and Regent Street, to Charlotte Street and Goodge Street and western Soho. That area has a top density of 1,214 tech firms per square kilometre.There are 39,614 technology companies registered to inner London postcodes in total.The report also revealed that creative companies are clustering in east London, with advertising, public relations, architecture, design, publishing and media businesses populating the EC1V postcode at a density of 1,857 per square kilometre.Andrew Bridges, managing director of Stirling Ackroyd, said, "At the bright heart of Britain's technology industry, there's an entrepreneurial start-up spirit to the Old Street area that's creating its own gravitational force."A new tribe of Londoners have made their home in the East, and this kind of movement develops its own momentum. This is especially true for tech companies. They tend to depend on a small number of highly skilled individuals. They rarely need enormous offices. But they absolutely depend on the warp-speed exchange of ideas."For more news and articles like this, see Re:locate's Enterprise and Technology sections.