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This article was first published by Growth Business online
With London's first Technology Week in full flow, Ashfords' partner and joint CEO Garry Mackay discusses how the UK capital is developing as an ideal locality for technology and business growth.
A number of factors have influenced not only London but other regions in the UK in establishing themselves as appealing destinations for developing technology. The UK provides the essential foundations for technology companies, including:
- Geography and time zone
- Investment and consumer market
- Legal and tax structure
- Investment and support schemes
The potential legal issues in the UK are also not as daunting as they would first seem. Government changes to employment law provide opportunities for skilled workers to operate in the UK. Data protection laws support consumers regarding the management of information in a secure environment. Parallels between the UK common law system with parts of Asia and the US also improve efforts for external investment.
The UK and London are therefore firmly placed to support technology and business growth. Notwithstanding this, it is important that businesses are encouraged to develop in line with continuing technological growth and innovation. To read the full article please click here.