Some of the world’s largest tech and creative businesses are setting up in the capital, enhancing London’s reputation as a global tech leader, and pushing up demand for office space.
Both Google and Facebook have set up headquarters in King’s Cross, and many of the smaller tech firms and startups are following suit by setting up in London, significantly boosting office take-up levels, a report by CBRE shows.
The Silicon Roundabout area, between Old Street and Shoreditch, gained popularity with internet companies originally due to its historically low rents. But there too, rents have soared. This, however, is not deterring tech businesses from making the move into the area.
As London continues to be one of the world’s leading technology hubs, and investment into the capital remains robust, so the influx of tech and creative giants to the capital will continue to strengthen London’s reputation as a global leader in digital technology.
Being centrally located within walking distance of London’s “silicon roundabout”, our business experts at Beavis Morgan specialise in working with entrepreneurial people in the tech and creative sectors, helping them set up and run their own businesses and guiding them through each stage of the process, whilst navigating the challenges and advising them in making the right decisions both now and for the future.
We also understand that whether you’re a startup or a well-established business, cash is king and managing its flow is crucial to your immediate and long-term success. That’s why our independent finance brokerage, BM Structured Finance, is readily available to assist startups source the right funding for their individual needs.
For more information about how we can help you and your entrepreneurial business, contact Steve Govey, Partner within our Beavis Morgan Entrepreneur Support Team, or Simon Belton at BM Structured Finance.