TechHub invests £2.2 million in a new location in Shoreditch

Keiligh Baker's picture

Startup support organisation Tech Hub has invested £2.2m in a brand new home in Shoreditch.

Launched in 2010 with Google as a founding sponsor, Tech Hub will move its 400 resident companies from its current spaces in London’s Silicon Roundabout and in Moorgate to the new venue on Clere Street in March.

TechHub founder and CEO Elizabeth Varley said that the city “remains the best place in Europe to do business as a growing tech company, no matter what happens with Brexit.”

TechHub’s new home on Clere Street in East London has more space for startups with teams of 30 and more people, which reflects the changes its member companies are going through. It’s about 3,200 m² big, allowing to bring all member companies from the current two locations together for the first time since 2010.

“It gives greater access for the smaller companies to the larger ones know that our members really want this as it gives them a much greater benefit to support and learn from each other,” Varley said. “They also often become suppliers to one another, which we really love to see.”

The news comes after London was revealed as the top destination for technology in Europe for another year running. The capital secured £1.8bn in investment last year, almost double that of its next closest European rival.

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