London still a favourite for tech startups, despite Brexit

There's more good news for the London technology sector. Last week it was reported that billion dollar tech business, Pivotal, had set up their innovation hub in the capital. And this week, a survey of 200 US tech business leaders and entrepreneurs shows that London is still ranked as the tech hub of Europe, beating Dublin, Berlin and Paris. This is further supported by an announcement by New York co-working space, WeWork, that they plan to expand in London with two new spaces opening in London Fields, in Hackney, Aldwych House near Covent Garden, plus 10 additional locations by the end of 2017.

This does however come amid news that Microsoft plans to close the its Skype offices in London with the loss of more than 200 jobs, and recent findings showing that London offers the most expensive office space in the world for tech startups in terms of price per sq ft. Speaking in New York on Monday, London Mayor Sadiq Khan, who is currently in the US to promote trade, investment and business ties between the two countries, said that London's technological expertise "creates an unrivalled opportunity for companies looking to break into the European market.

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