Feeds

TECH WAR: Brummies say firms 'lose out' in London's Tech City

Black Country business chiefs puff up Birmingham tech scene

Combat fraud and increase customer satisfaction

The business bods of Birmingham have commissioned a survey designed to tempt startups away from the British capital's Silicon Roundabout scene.

A group called Business Birmingham commissioned a survey whose questions highlighted the high costs of doing business in London, likely hoping attracting talent away from from the metropolis.

YouGov carried out the survey on the Tech City scheme, which is centred around Old Street roundabout.

Pollsters were tasked with questioning 155 managers of small to medium-sized firms in London and reported 70 per cent of respondents as saying they were "struggling to grow". Just under half said it was "too expensive" to run a business in London, while about a quarter said they could not find decent staff.

Wouter Schuitemaker, investment director of Business Birmingham, said his city was wide open for any firm who had tired of London.

"We're seeing a surge in interest from innovative tech firms, which are desperate to grow but are struggling to upscale their operations in London to meet customer demand. Companies cannot afford to lose out on new business or organic growth due to their location," he said.

Birmingham is home to 6,000 tech firms which pump £768m into the economy, with big companies like online clothing superstore Asos and Virgin Media calling the city home.

However, London hit back at its Brummie rivals, saying Tech City was not as expensive as ... other parts of London.

In a statement, a Tech City spokesman said: "This is not a picture we recognise. We now have over 1,500 companies benefiting from the access to talent and investment that the Tech City community provide.

“Rents in Tech City are still half the price of west London and cheaper than King’s Cross and the City. Increases are caused by demand from a lot of growing companies combined with constrained supply.

“We’re working hard with developers to help them understand the needs of growing tech companies to help increase affordable office space.” ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.