Tech City tops UK startup chart: 15,000 new businesses last year

The EC1V postcode, home to London’s Tech City, was home to more than 15,000 new businesses in the last year, outstripping any other area in the UK

Tech City is the most prolific area of new business generation in the UK.

Some 15,720 new businesses were set up in EC1V in the 12 months to March 31, 2013, according to research by accountancy group UHY Hacker Young.

This growth is largely due to the area’s reputation as the UK’s technology hub, with the government making major efforts to promote the area as a centre for new technology businesses.

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