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 Sector in London Mushrooming
London’s technology and digital sector is said to be mushrooming following a doubling of firms within the sector over the last three years; as a result of the introduction of Tech City.
According to recent figures, the sector currently employees in excess of half-a-million people, and accounts for almost a third of the employment growth within the capital; whilst it has also been suggested that investment within the sector is set to be boosted further, with a string of upcoming announcements.
However, whilst it is expected that investment within the technology and digital sector will grow further; additional figures recently published have suggested that start-ups in one of London’s most sought after locations were being “forced out”, as a result of increasing rents.
According to the additional report, start-up businesses within the Silicon Roundabout area of London are being forced to move to new locations as a result of rents almost doubling over the last three years; with the figures suggesting that rent, within the area, is now nearly £34 per square metre, compared to just over £17 per square metre in 2011.
Whilst the latest reports have provided mixed figures for the technology sector within London, 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 advising on complying with statutory requirements; service contracts; assignment of intellectual property; partnership agreements and tax registration.
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