Posted by Claus Andersen, Partner
On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
Tech City to Boost Economy
A lot has been reported in relation to London’s Tech City over recent months, with recent figures suggesting that the sector is mushrooming following a doubling of firms within the sector over the last three years.
Now, it has been suggested that as a result of the potential of technology start-ups within London, the UK’s lending portfolio could be boosted by as much as 50 percent per year.
In a bid to boost the UK’s economy via the technology sector, the government have introduced a number of policies which are designed to boost struggling technological start-ups, enabling them to secure funding and expertise required to grow – with a big push coming from in and around Tech City.
By introducing such policies, the government hope to lure technological start-ups to the UK, and keep such businesses here, rather than lose them – and the tax and jobs they bring – to the US.
By enhancing the opportunities on offer to technology businesses in the UK, the government hope to enhance the economic situation; and it has recently been suggested that the technology sector in the UK, particularly within Tech City, is offering significant growth opportunities for investors.
In addition, it has also been suggested that the UK can achieve an estimated growth of roughly 50 percent over the next few years.
Whilst it has been suggested that the technology sector is helping to boost the UK’s economy, for those looking to start a new adventure by starting their own business – whether in the tech sector or other sectors – our commercial and corporate lawyers at Royds can assist by providing tailored legal advice.
Our solicitors in London provide a comprehensive service for business start-ups, including investment and finance; corporate structures; advising on complying with statutory requirements; service contracts; employment; intellectual property; software agreements; licensing; partnership agreements.