'Silicon Roundabout' in Old Street, the heart of London's high-tech companies.

'Silicon Roundabout' in Old Street, the heart of London's high-tech companies.

Barclays announces support for London’s Tech City

07 Aug 2012, 12:18 BST

Barclays has announced an initiative to support businesses and job creation in London’s Tech City, home to technology, digital and creative companies.

Our partnership with Central Working will provide a vital boost for thousands of digital start-ups. Tech City has the potential to become the digital capital of Europe but needs investment and engagement from the business community in order to unlock new growth.     
We are teaming up with Central Working – an organisation that helps small and medium-sized enterprises grow their businesses – to establish a site that will provide space tailored to the needs of tech start-ups.
 
Companies from outside the UK will also be able to benefit from the site.
 
The site opens in September and is expected to help over 22,000 digital businesses during the next five years, supporting approximately 88,000 jobs and £350m in combined revenue.
 
Shaygan Kheradpir, Chief Operating Officer, Retail and Business Banking, said: “Our partnership with Central Working will provide a vital boost for thousands of digital start-ups. Tech City has the potential to become the digital capital of Europe but needs investment and engagement from the business community in order to unlock new growth.
 
“There are many entrepreneurs and start-ups with great ideas and ambitions about the future of digital and mobile technology. They will benefit from access to space, infrastructure and support as we help the next generation of technological innovators to fulfil their potential.
 
“This is an exciting opportunity for businesses to grow and reflects Barclays commitment to supporting our digital industry.”
 
Barclays partnership with Central Working reflects our commitment to addressing issues of digital inclusion and employability.
 
It also part of Barclays Citizenship agenda, through which it contributes to growth by supporting individuals, businesses, institutions and governments to make progress.