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
London has welcomed in the Chinese New Year in style with the biggest party outside of Asia.
Detectives have launched a murder investigation after a man was fatally stabbed in Kensington.
The public is being urged to vote for a tree which symbolises the Scouting movement to secure a UK win in a Europe-wide competition.