London's 'Silicon Roundabout' hailed as hottest new technlogy scene

London’s ‘Silicon Roundabout’ has been labelled as the most exciting up-and-coming technology scene by experts.

The area, which lies in the east downtown area of the city, is set to undergo an extreme overhaul, after UK Prime Minister David Cameron announced that the government would be investing £50 million to regenerate the area.

This investment in the area is helping to reinforce London as a world centre for business activity and is proving the capital to be an ideal location for corporate venues.

Talking about the regeneration of the area, ecommerce entrepreneur Ivan Mazour, told mashable.com: “After immersing myself in the many events that take place, it immediately becomes clear that the startup scene in London is really impressive in the way that the ecosystem has developed methods for inciting people to join and training them so that they can participate.”

He continued: “Having experienced things both as an investor and the founder of a startup, the technology and entrepreneurship courses in London have proven to be considerably more useful than a mathematics degree from Cambridge.”

There are also a number of organisations in the area which are campaigning for support of businesses. For example, The Tech City Investment Organisation (TCIO), which is hoping to secure 50 per cent tax relief for angel investments in the area of up to £100,000.