Tech City has already been credited with helping the capital avoid the worst of the recession, and it's now getting £50 million to become a world class centre for technology, and the next generation of entrepreneurs.
Prime Minister David Cameron and Mayor Boris Johnson announced the investment today to transform Old Street roundabout in East London, into "Tech City". Paul Brand reports.
More top news
At least 100 firefighters are battling a huge warehouse fire in Essex.
The Met Police has released CCTV images of two men they want to trace after a double stabbing in Victoria.
A man was repeatedly stabbed in the head with a stanley knife outside a doctors' surgery in north London.