If you start to delve into the history of the original concept of a “world city”, in the literature it is usually a reference to the city of a special cultural and religious significance such as Rome or Paris, often capitals of former empires. This is the city that has a huge impact on the world community. The government and regulators are also exploring ways to rejuvenate London’s muted IPO activity and encourage more big-name tech companies to pick the UK over the US when undergoing a public listing.Global city or in other words “world city” or “alpha-city”, is a city that creates an important production chain in world’s economic, political and cultural system. While London has attracted impressive tech investments over the past decade, the city, along with the rest of the country is weathering a slowdown in funding. The capital has become a global leader over the last 10 years, with large high-growth firms like Revolut, Wise and Starling Bank raking in hundreds of millions of pounds in investment. “The tenth anniversary of London Tech Week is a great opportunity to celebrate our recent successes and I look forward to another decade of growth for our city’s tech sector, resulting in a better, more prosperous London for all,” added Khan.įintech is among the top sectors that have put London on top of the global tech stage. The research comes ahead of London Tech Week, which this year celebrates its 10 th anniversary. He added: “This is highlighted by these new figures showing London remains a top destination for the very best international tech businesses.” Responding to the data, the Mayor of London Sadiq Khan described the city as an “international success story”. The figures found that since 2014 London secured funding for 1,752 tech initiatives. The UK capital beat out European hubs in Germany and France, and even US titans like New York to take the top spot for foreign investment into tech projects, according to findings from London & Partners. London has been named the number one city for global tech investment over the past 10 years, according to new data.
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