{"id":382861,"date":"2026-06-10T12:02:12","date_gmt":"2026-06-10T10:02:12","guid":{"rendered":"https:\/\/prostartup.it\/div-beyond-silicon-roundabout-the-next-challenge-for-uk-tech-div\/"},"modified":"2026-06-10T12:02:12","modified_gmt":"2026-06-10T10:02:12","slug":"div-beyond-silicon-roundabout-the-next-challenge-for-uk-tech-div","status":"publish","type":"post","link":"https:\/\/prostartup.it\/ru\/div-beyond-silicon-roundabout-the-next-challenge-for-uk-tech-div\/","title":{"rendered":"Beyond &#8216;Silicon Roundabout&#8217;: The next challenge for UK tech"},"content":{"rendered":"<div>\n<div><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" fifu-lazy=\"1\" fifu-data-sizes=\"auto\" fifu-data-srcset=\"https:\/\/i2.wp.com\/image.cnbcfm.com\/api\/v1\/image\/108318750-1781009598727-gettyimages-1258267210-20230524_kings_cross_gasholder_park_004.jpeg?v=1781009629&w=1920&h=1080&ssl=1&w=75&resize=75&ssl=1 75w, 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https:\/\/i2.wp.com\/image.cnbcfm.com\/api\/v1\/image\/108318750-1781009598727-gettyimages-1258267210-20230524_kings_cross_gasholder_park_004.jpeg?v=1781009629&w=1920&h=1080&ssl=1&w=1280&resize=1280&ssl=1 1280w, https:\/\/i2.wp.com\/image.cnbcfm.com\/api\/v1\/image\/108318750-1781009598727-gettyimages-1258267210-20230524_kings_cross_gasholder_park_004.jpeg?v=1781009629&w=1920&h=1080&ssl=1&w=1600&resize=1600&ssl=1 1600w\" fifu-data-src=\"https:\/\/i2.wp.com\/image.cnbcfm.com\/api\/v1\/image\/108318750-1781009598727-gettyimages-1258267210-20230524_kings_cross_gasholder_park_004.jpeg?v=1781009629&w=1920&h=1080&ssl=1\" class=\"ff-og-image-inserted\"><\/div>\n<p><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<div class=\"RelatedQuotes-relatedQuotes\" id=\"SpecialReportArticle-RelatedQuotes\">\n<div class=\"RelatedQuotes-quotesContainer\">\n<div class=\"RelatedQuotes-titleAndTime undefined\">\n<p class=\"RelatedQuotes-text\">In this article<\/p>\n<\/div>\n<ul class=\"RelatedQuotes-list\">\n<li class=\"QuoteItem-item\" aria-label=\"Quote for null\"><span class=\"QuoteItem-symbol\">.FTSE<\/span><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"SpecialReportArticle-WatchlistDropdown\" data-analytics-id=\"SpecialReportArticle-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/li>\n<\/ul>\n<\/div>\n<div class=\"RelatedQuotes-cfaButtonContainer\"><button id=\"ArticlePageTickerCreateAccountButton\" class=\"CreateFreeAccountButton-buttonContainer\"><span class=\"CreateFreeAccountButton-buttonText\"><span>Follow your favorite stocks<\/span><span class=\"CreateFreeAccountButton-buttonTextBold\">CREATE FREE ACCOUNT<\/span><\/span><\/button><\/div>\n<\/div>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108318750\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:55.55555555555556%\">\n<div style=\"height:100%\" class=\"lazyload-placeholder\"><\/div>\n<\/div>\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">Gasholder park with its reflective mirror walkway in Kings Cross, London, United Kingdom. <\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Mike Kemp | In Pictures | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><em>This report is from this week&#8217;s CNBC&#8217;s UK Exchange newsletter. Like what you see? You can subscribe\u00a0<\/em><em>here.<\/em><\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">The dispatch<\/h2>\n<div class=\"group\">\n<p>The term Silicon Roundabout, a label for the cluster of tech firms based around the City Road\/Old Street junction north of the City of London, was first coined in 2008.<\/p>\n<div style=\"height:100%\" class=\"lazyload-placeholder\"><\/div>\n<p>It entered common parlance, though, when in November 2010 the then-new Prime Minister David Cameron\u00a0placed the area at the heart of his government&#8217;s growth ambitions.<\/p>\n<p>&#8220;Silicon Valley is the leading place in the\u00a0world for high-tech growth and innovation, but there is no reason why it has to be so predominant,&#8221; he said at the time.\u00a0<\/p>\n<p>&#8220;Something is stirring in East London. Only three years ago, there were just 15 technology start-ups around Old Street and Shoreditch\u2026there are now over 100 high-tech companies in the area.<\/p>\n<p>&#8220;In East London, we have the potential to create one of the most dynamic working environments in the world.&#8221;<\/p>\n<\/div>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-101761925\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:55.55555555555556%\">\n<div style=\"height:100%\" class=\"lazyload-placeholder\"><\/div>\n<\/div>\n<div>\n<div class=\"InlineImage-imageEmbedCaption\">Traffic passes around Old Street roundabout, also known as &#8220;Silicon Roundabout,&#8221; in 2013.<\/div>\n<div class=\"InlineImage-imageEmbedCredit\">Chris Ratcliffe | Bloomberg | Getty Images<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Cameron backed the concept with the Tech Nation initiative which, over the next\u00a0decade, helped hundreds of start-ups, including about a third of Britain&#8217;s unicorns, to launch.<\/p>\n<div style=\"height:100%\" class=\"lazyload-placeholder\"><\/div>\n<p>However, for all the hype, it was a false dawn.<\/p>\n<p>Amid the chaos following the Brexit vote in 2016, Theresa May, Cameron&#8217;s successor,\u00a0allowed Arm Holdings, Britain&#8217;s tech champion, to be acquired by Softbank of Japan.<\/p>\n<p>Covid and the rise of home-working saw the Silicon Roundabout area lose its cachet,\u00a0while Tech Nation itself ceased to be a government agency in March 2023.<\/p>\n<p>Memories of that period were rekindled with London Tech Week, which began on Monday, bringing together more than 30,000 attendees, including 8,250 start-ups and 1,500 investors.<\/p>\n<p>A blizzard of data, published before the event, underlined the U.K.&#8217;s tech credentials.<\/p>\n<p>The Global Tech Ecosystem Index 2026, compiled by data provider Dealroom, ranked London as the world&#8217;s fourth-largest tech ecosystem \u2014\u00a0reclaiming the top spot in Europe from Paris \u2014\u00a0while Cambridge was named third in the global &#8220;Density Leader&#8221; rankings, which measures innovation output relative to population size, behind only San Francisco&#8217;s Bay Area and Boston.<\/p>\n<p>Dealroom noted London had regained Europe&#8217;s top spot due to &#8220;stronger venture capital investment, continued unicorn creation and its depth across sectors,&#8221; pointing out London tech companies last year raised $17.7 billion. The city is now home to 138 unicorns, including Wayve, Granola, OLIX and ElevenLabs.<\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">&#8216;Golden triangle&#8217;<\/h2>\n<div class=\"group\">\n<p>Still, questions remain, not least whether \u2014\u00a0for all its strengths in AI, fintech and life sciences in particular \u2014 Britain relies too heavily on London, Cambridge and Oxford.<\/p>\n<p>Not so, according to former Prime Minister Rishi Sunak, now an adviser to Microsoft and OpenAI, who at the weekend highlighted success stories outside the &#8220;golden triangle,&#8221; including Newcastle-based Sage, provider of software to small businesses globally and the video game series &#8220;Grand Theft Auto,&#8221; which was created in Dundee. He also noted the U.K.&#8217;s emerging strength in quantum computing.<\/p>\n<p>In London itself, meanwhile, the hottest new tech cluster is the once-shabby King&#8217;s Cross area, where OpenAI and Anthropic will shortly open offices. There they will join Google DeepMind (founded in London), Meta,\u00a0Wayve, ScaleAI and Synthesia.<\/p>\n<p>Saul Klein, founder of early-stage investor Phoenix Court, told the Daily Telegraph in April that the area around King&#8217;s Cross now boasts the greatest concentration of tech companies outside Silicon Valley or Beijing.<\/p>\n<p>&#8220;When you look at\u00a0the talent density in science, technology and the\u00a0creative industries, there&#8217;s literally nowhere else like this on the planet,&#8221; he added.<\/p>\n<p>Across town, Silicon Roundabout no longer even exists. Following a behind-schedule and over-budget redevelopment by Transport for London, the roundabout was replaced last year with a byzantine road and cycle lane layout which, peppered with traffic lights,\u00a0causes constant congestion in the area.<\/p>\n<p>One hopes this will not prove a metaphor for\u00a0U.K. tech.<\/p>\n<p><em>\u2014 Ian King<\/em><\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">Need to know<\/h2>\n<div class=\"group\">\n<p><strong>Nuvalent shares surge 39% after GSK agrees to buy the cancer drugmaker<br \/><\/strong>Britain&#8217;s second-largest drugmaker GSK has entered an agreement to acquire U.S.-based drugmaker Nuvalent for $10.6 billion to bolster its oncology pipeline, in what would be its largest acquisition in more than a decade.<\/p>\n<p><strong>The space race is coming for pharma: Why drug development is heading to lower Earth orbit<\/strong><br \/>The U.K. has acknowledged that patients could benefit from higher-quality medicines and set out a\u00a0route to bring drugs manufactured in space to market. <\/p>\n<p><strong>UK assets face underestimated risk event, analysts warn <br \/><\/strong>Financial services firm Ebury said markets were underestimating the consequences of the Makerfield by-election and ongoing political risk.<\/p>\n<p><em>\u2014 Katrina Bishop<\/em><\/p>\n<\/div>\n<h2 class=\"ArticleBody-subtitle\">Coming Up<\/h2>\n<div class=\"group\">\n<p><strong>JUNE 12: <\/strong>GDP (April)<\/p>\n<p><strong>JUNE 15: <\/strong>Rightmove House Price Index <\/p>\n<\/div>\n<div id=\"ArticleBody-MobileAdhesion\" class=\"MobileAdhesion-container\" data-module=\"mps-slot\"><\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"SpecialReportArticle-GooglePreferredSource-6\">\n<div class=\"ArticleBody-googlePreferredSourceBorder\"><\/div>\n<p>Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/p><\/div>\n<hr \/>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In this article .FTSE Follow your favorite stocksCREATE FREE ACCOUNT Gasholder park with its reflective mirror walkway in Kings Cross, London, United Kingdom. Mike Kemp<\/p>","protected":false},"author":1,"featured_media":382862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/108318750-1781009598727-gettyimages-1258267210-20230524_kings_cross_gasholder_park_004.jpeg","fifu_image_alt":"<div>Beyond 'Silicon Roundabout': The next challenge for UK tech<\/div>","footnotes":""},"categories":[11],"tags":[1105,599,90],"class_list":["post-382861","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inv-business","tag-challenge","tag-silicon","tag-tech"],"_links":{"self":[{"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/posts\/382861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/comments?post=382861"}],"version-history":[{"count":0,"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/posts\/382861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/media\/382862"}],"wp:attachment":[{"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/media?parent=382861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/categories?post=382861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prostartup.it\/ru\/wp-json\/wp\/v2\/tags?post=382861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}