London a “hotbed” of innovation and disruption

In a letter to City AM, the Mayor of London Sadiq Khan says that businesses must embrace entrepreneurialism to keep London at the forefront of global business and to remain the “engine” of Britain’s economy.

“London is always one step ahead of the game – a place where businesses and individuals are encouraged to innovate, taking advantage of the latest technologies to boost living standards and spread economic prosperity,” Mr Khan says. 

With 47,000 digital technology companies in the City, Londoners and London businesses should welcome disruption, rather than fear and oppose it, he says, in order to benefit and grow.

“Disruption has the capacity to drive growth, increase productivity, create jobs, and improve the lives and working conditions of Londoners.”

Last month Theo Blackwell started his new job at City Hall as London’s first ever Chief Digital Officer.

Mr Blackwell will play a leading role in realising the Mayor’s ambition to make London the world’s smartest city, ensuring that the capital’s status as a global tech hub helps transform the way public services are designed and delivered, making them more accessible, efficient and responsive to the needs of Londoners.

Commenting on the appointment, Mr Khan says: “I am determined to make London the world’s leading ‘smart city’ with digital technology and data at the heart of making our capital a better place to live, work and visit. We already lead in digital technology, data science and innovation and I want us to make full use of this in transforming our public services for Londoners and the millions of visitors to our great city.

Beavis Morgan – Business advisers to London’s tech industry

Being centrally located within walking distance of London’s ‘silicon roundabout’, our technology business experts at Beavis Morgan work with entrepreneurial businesses across a range of industry sectors, assisting with fundraising, establishing the market for the product through research, implementing business growth plans, analysing financial requirements both now and for the future, and putting processes in place to enhance cashflow, leverage tax smart strategies, minimise risk and drive financial success and business performance.

We are also available to assist with ‘money back for research and development’ claims and our R&D tax credit specialists are on hand to maximise the value of any potential claim and manage the often complex process on your behalf.

If you would like to find out more about how we can assist you and your tech business, contact Steve Govey or your usual Beavis Morgan Partner.

Further reading:

Research & Development – Tax Credits for SMEs: Money back for investing in innovation

UK’s fastest-growing tech firms named

London is Europe’s most “dynamic” city