Government's Tech City start-up strategy criticised

The government's strategy to support technology start-up companies in London has been criticised in a report due to be published next week.

Think tank Centre for London said entrepreneurs in the Tech City area had been left "frustrated" by some policies that had been put in place.

Plans to encourage businesses to move to the Olympic Park area were said to be "potentially counterproductive".

In response, Tech City said the report had "misconceptions" about their work.

"We are not trying to create or even follow a formula," a spokesman for the Tech City Investment Organisation (TCIO) said in a statement on Friday, according to a report in BBC.  >>More here

SOURCE:  bbc.co.uk

RELATED STORIES

 >> Hot Topics

>> Innovation Destinations

>> Investment Watch

>>NewsMap

>> Latest News