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
Stamp duty is to be abolished for first-time buyers on properties up to £300,000, Chancellor Philip Hammond has announced in his Budget.
The money will help pay for mental health and counselling services, regeneration in the west London neighbourhood and a new community space.
The small device was hidden in a grate in the ceiling in the only customer toilet at a Starbucks coffee shop.