Tech City a 'success story' 3 years on

Tech City in East London - the capital's equivalent of Silicone Valley - is three years old and has been described by David Cameron today as an 'enormous success story.'

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£15.5 million for innovative firms

The Prime Minister announced a £15.5m funding package for innovative firms today Credit: Ruth Banks/ITN

The Prime Minister has unveiled a £15.5 million funding package to support innovative firms today, pledging to "make Britain the best place in the world in which to start and grow a business".

World-class technology experts will be given fast-tracked visas under a push to attract the best international talent to the United Kingdom's digital sector.

During a visit to Tech City, Britain's answer to Silicon Valley in East London today, Mr Cameron outlined plans for the Government to open up the exceptional talent visa route - usually reserved for international leaders in science and the arts - from April next year.

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