Feeds

London offers relocation sweeteners to sci-tech firms

Congestion scheme

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

London aims to position itself as a global centre for science and technology firms with a new investment scheme.

The new £3m gateway2investment (g2i) scheme aims to accelerate the growth of technology firms in the Capital and encourage more to relocate or start up.

The programme is backed by mayor Ken Livingstone's London Development Agency (LDA) and a consortium of companies, led by accountants Grant Thornton, that have pooled their resources to help start-up technology firms secure investment in the £50,000 to £2m bracket.

The group hope the scheme will build stronger links between London's investor community and technology entrepreneurs.

It predicts that the IT, biotechnology, electronics, telecommunications, energy, new materials, engineering and manufacturing sectors will be among its main beneficiaries.

"Science and technology is generally underfunded across much of the European Union and London has a great opportunity to produce the lion's share of new growth in this sector, provided we make the necessary investment now," said Manny Lewis, chief executive of the LDA.

"So it is timely that g2i is available to provide that extra boost needed to help our technology industries succeed."

Entrepreneurs taking part in the free programme will attend one-on-one diagnostic meetings, action planning reviews and will receive business advice tailored to their market.

Participants will also receive feedback from investors and access to an online 'virtual investor'.

Copyright © 2005, Startups.co.uk

Security for virtualized datacentres

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Lawyers mobilise angry mob against Apple over alleged 2011 Macbook Pro crapness
We suffered 'random bouts of graphical distortion' - fanbois
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
Inside the EYE of the TORnado: From Navy spooks to Silk Road
It's hard enough to peel the onion, are you hard enough to eat the core?
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.