The Shoreditch Cluster 07 to 14

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quick story about shoreditch, the rise of the cluster, the different dynamics underpinning its rise, and the challenges it now faces.

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Old Street Wasn’t a Destination

Then This Happened

The Opposite of Broken Windows

Density of Talent

Agencies and StartupsDesigners, developers, digital makers

Makers Led The Way

Art, Fashion, Music, Tech

Some of Us are Rock Stars

It takes a Village

We need strong local Communities

Handmade Furniture

Temporary Spaces

Politics and Development

• Tech City Organisation primary goal inward investment– Mayor’s Office takes on that mantle

• Municipal support– Hackney Council industrial activism, Regeneration– Tower Hamlets wasn’t in the game

• The Big Event – The Olympics was a booster– but Tech City East failed (top down)

Challenges

• Commercial rents have tripled in 18 months– Even the New Fringe is getting expensive

• Residential property values skyrocketing• Angel, VC structures still immature– A lack of major grassroots success stories

• Everybody wants an incubator