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UK govt announces GBP 50 million Tech City investment

Thursday 6 December 2012 | 16:48 CET | News
The UK Government has announced a major GBP 50 million investment in Tech City. This will be used to regenerate the Old Street roundabout in East London to create a major tech hub dedicated to start-ups. This new civic building will host classrooms, co-working spaces and workshops equipped with the latest 3D printing technology, for use by both the local start-ups and the wider community. The Government announcement was accompanied by a host of major corporate commitments to Tech City. Microsoft is establishing a Technology Development Centre in the heart of Tech City and will support local technology development. They will create packages of support for Developer Apprentices and are working on a new Apprenticeship to support young people in and around Tech City. Cisco, DC Thomson and UCL are opening IDEALondon, an innovation centre in Shoreditch to support the growth of digital and media companies. The facility will host up to 25 digital and media companies.

Categories: Internet
Companies: Cisco / Microsoft
Countries: United Kingdom
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