David Cameron announces £50M regeneration plan of London’s Silicon Roundabout

The partnership was announced this morning at a Tech City event attended by Prime Minister David Cameron, who praised the success of innovative British technology businesses such as ECNlive and announced a £50 million plan to regenerate the Old Street Roundabout at the heart of East London-based Tech City business cluster.

News of the Prime Minister’s announcement was broken on the ECNlive network, as the first step in a content partnership that will see ECNlive’s digital network carry live news and real time information from companies within Tech City, to financial institutions, media groups and technology companies across the capital.

Tech City will use ECNlive’s digital network, which reaches more than 400,000 business people across the capital, to carry real-time up-dates on company initiatives, tech sector data and trends. ECNlive is present in more than 100 landmark offices buildings in London, including the offices of the City’s most influential investors from the technology and financial services industry.

Prime Minister David Cameron said: “The UK is in a global race and I am determined that we as a Government continue doing everything we can to equip the UK to compete and thrive in that race.

“As well as backing the businesses of today, we are creating an aspiration nation and also backing the innovative, high-growth businesses of the future. That’s why we’re investing in creating the largest civic space in Europe – a place for start‐up companies and the local community to come together and become the next generation of entrepreneurs.”

Antony Ceravolo, CEO of ECNlive commented: “ECNlive will give Tech City companies a consistent presence in the heart of the City of London informing potential investors of the latest developments within the dynamic technology sector based in East London.

“ECNlive is itself a great example of how an innovative British technology-based business can establish itself and thrive. Now we’re helping to take Tech City to the City.”

Based in East London, ECNlive is backed by Octopus Ventures and an international consortium of private investors in the media and technology sectors and is led by Chief Executive Antony Ceravolo, a founding director of LOVEFiLM.COM.

ECNlive delivers a mix of live content and digital full-motion display advertising. Content is up-dated in real-time and includes global and national news, financial and sports up-dates, weather and travel information, as well as localised information relevant to audiences within individual buildings.

TCIO was established by UK Trade and Investment to promote the growth of companies based in the tech cluster centred in Shoreditch. In October Joanna Shields formerly Facebook’s, Vice-President and Managing Director Europe, Middle East and Africa, to be Chief Executive of TCIO.