[nickthedart]

This is a nice idea but I believe is in the wrong location and the government has missed an opportunity. London simply has far too expensive housing and is too crowded and a lot of smart people won't live there. Silicon Fen in near Cambridge also has very high housing costs. A UK silicon valley needs to happen where its cheap to live, geeks actually want to live there, and there are decent transport links to London. I think a better tactic would be to electrify the Midland Mainline to make the trains to/from the north faster. Then you could make tech hubs in places like Nottingham (which is a fun place for 20-somethings to go out AND has cheap family housing too) or Sheffield (ditto and has rock climbing on the doorstep as well). Its ridiculous how so much tech work in the UK is concentrated in the crowded expensive south-east, and I believe an enlightened government would try to capitalise on the talent in the rest of the UK.

[redwoods]

Shoreditch - Silicon Ditch - is a great area to work - it has a great buzz and creativity - and living is not too expensive if you head further into east london - you don't have to live in west london, which admittedly is too pricey.