The Prime Minister David Cameron will this afternoon reveal further plans to turn London’s East End into the world centre for technological innovation.
Yesterday the Prime Minister along with London Mayor Boris Johnson and Culture Secretary Jeremy Hunt shared the stage to announce that after the 2012 Games, Olympic Park will be turned into a state-of-the-art Technology Centre. Presumably this will be the nucleus of the technology hub and that further developments in the area will turn East London into the UK equivalent of Silicon Valley.
High-Tech giants like Facebook, Google, Cisco and Intel have apparently already agreed to open innovation centers in the area and Cameron said hopes of toppling Silicon Valley were part of Britain’s strategy to develop new technology jobs. “We’re not just going to back the big businesses of today, we’re going to back the big businesses of tomorrow,” is according to sources, what we can expect to hear in his speech today.
Also on the cards is a special Entrepreneur’s Visa as well as a review of the stringent UK intellectual property laws. Both these steps are expected to help encourage innovative technology firms and internet entrepreneurs to relocate to East London.
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