“The way that Google has engaged with the east London technology community, and designed this campus to meet the needs of local entrepreneurs and tech companies, is absolutely exemplary,” said Osborne.
“If this building is designed to be a hub for entrepreneurs and innovators in Tech City, in turn I want the UK to become the hub for technology in Europe as a whole.
Osborne also took today’s opening as an opportunity to outline all of the government’s initiatives to support startups and technology in the UK, reiterating many points that were cited in his recent budget statement.
“We’re building a more competitive economy, which is why last week’s budget scrapped the temporary 50p income tax rate and cut the corporation tax rate to 22 percent by April 2014,” said Osborne.
“We’re also introducing generous tax breaks for animation, TV and video game production…a single tax break for creative content is going to support the growth of innovative technologies in east London and beyond.
The number of digital and technology companies in the Tech City area has increased from approximately 200 in 2010, around the announcement of the government’s initiative, to more than 700 today, according to Osborne.
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