New study reveals London’s top tech postcodes
Silicon Roundabout has the most dense population of technology businesses of anywhere else in the UK
Old Street’s Silicon Roundabout has the most dense population of technology businesses of anywhere in the UK, according to research from Stirling Ackroyd on the capitals’ “hottest” tech postcodes..
According to the research, the EC1V postal district is home to almost eight times the density of registered tech firms in the next densest postal district for such companies outside the capital, Manchester’s ‘Silicon Mill’, and 73 times more dense than Cambridge’s ‘Silicon Fen’.
There are 39.614 technology companies registered to inner London postcodes, equating to 58 for every square kilometer.
The area from Marylebone High Street (W1U), Portland Place and Regent Street (W1B) to Charlotte Street and Goodge Street (W1T) and Western Soho (W1F) is the next most densely populated at 1,214 businesses per square kilometre.
Outside of London and Manchester, Silicon Roundabout has 17 times the concentration of tech businesses as Brighton’s B3 district, 20 times Bristol’s BS1 postcode and 33 times denser than Glasgow’s G2 area.
The report also revealed that East London is fast-becoming a hub for the creative industries with advertising, public relations, architecture, design, publishing and media businesses at a density of 1,857 per square kilometre in the EC1V area.
However, the West End’s W1T area, including the advertising hotspots of Goodge Street and Charlotte Street, were found to have the highest density of creative businesses by far, with 2,800 per square kilometre.
Andrew Bridges, managing director of Stirling Ackroyd, commented: “At the bright heart of Britain’s technology industry, there’s an entrepreneurial start-up spirit to the Old Street area that’s creating its own gravitational force.
“A new tribe of Londoners have made their home in the East, and this kind of movement develops its own momentum. This is especially true for tech companies. They tend to depend on a small number of highly skilled individuals. They rarely need enormous offices. But they absolutely depend on the warp-speed exchange of ideas.”