September 3 2014 Latest news:
We're updating the forecasts - back soon
Wednesday, February 26, 2014
Thousands of jobs will be created when the Queen Elizabeth Olympic Park in Stratford becomes a ‘world-leading’ digital hub for London’s most innovative start-ups and global companies.
One million square feet of space will house among the best technology in the world.
An application by iCITY, the company selected by the London Legacy Development Corporation (LLDC) to transform the former Press and Broadcast Centres on Queen Elizabeth Olympic Park, has been approved.
The huge development, called Here East hopes, to attract companies with its high spec digital technology like near unlimited internet bandwidth.
It will create over 7,500 jobs, including 5,300 directly on-site and a further 2,200 in the local community by using local suppliers and creating new business.
The project will be promoted at the world’s largest interactive, music and film festival, South by Southwest Interactive (SXSW), in Austin, Texas, from March 7 to 10.
It has been the launch platform for some of the most successful digital companies including Twitter in 2007, Foursquare in 2009 and Storify in 2011.
Mayor of London Boris Johnson said: “I’m delighted that the plans for Here East, which will become a world leading digital hub have been approved. It will provide thousands of high quality jobs and be a real jewel in the crown of Queen Elizabeth Olympic Park.”
Here East will be housed in the former press and broadcast centres for the London 2012 Olympics and redevelopment of the buildings is expected to begin in summer 2014.
Gavin Poole, CEO of iCITY, said: “As well as creating thousands of jobs and training opportunities, Here East will provide state of the art infrastructure and capacity for the fastest growing sectors of the UK economy to continue their impressive expansion.”
Here East will partner with Hackney House, Hackney Council’s alternative trade mission at South by Southwest Interactive (SXSW).
Hackney House showcases the talents of east London’s creative, tech and design community and attended SXSW last year, where it generated over £7.5 million of business leads.
This year over 30 Hackney-based businesses will showcase their products and services, meet new contacts and win new business.
Any businesses based in the borough are welcome to use the Hackney House Austin venue for free and attend all of its business and networking events.