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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