East London Technology Hub

johnfás

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The UK Government has today announced a major investment to create a technology cluster in East London. With companies including Google, Facebook, Cisco and Intel indicating that they intend to invest in the project, our Government really must up its game. All of these companies have major operations in Ireland and we're clearly failing when we can't attract increased investment.
 
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EUrJokingMeRight

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Our government are not up to the game. They still don't understand the rules FFS!
 

logic

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The UK Government has today announced a major investment to create a technology cluster in East London. With companies including Google, Facebook, Cisco and Intel indicating that they intend to invest in the project, our Government really must up its game. All of these companies have major operations in Ireland and we're clearly failing when we can't attract increased investment.
At this stage we're almost as toxic as Greece or Iceland, you can really blame them for seeing the future else where. Kudos to cameron and the conservatives for actually showing us how to run a country. Some of the Brittish are arguing that they already have similar places outside Cambridge and Manchester but I personally think its an excellent way to use the facilities the olympics will bring. Its also 6 minutes from the airport so thats also attractive.
It would be great to see Ireland doing something similar but its not like we have any money to invest...... plus will LB and SF growing in power its hard to see any attempt to create one in the future...
 

johnfás

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At this stage we're almost as toxic as Greece or Iceland, you can really blame them for seeing the future else where. Kudos to cameron and the conservatives for actually showing us how to run a country. Some of the Brittish are arguing that they already have similar places outside Cambridge and Manchester but I personally think its an excellent way to use the facilities the olympics will bring. Its also 6 minutes from the airport so thats also attractive.
It would be great to see Ireland doing something similar but its not like we have any money to invest...... plus will LB and SF growing in power its hard to see any attempt to create one in the future...
A large part of the reason our bond yield is so high is that we have no policies for growth. The bond market is quite aware that our ability to repay is entirely dependent on us creating growth in the economy. We have no policy for growth, hence the market is closed. There is plenty we could do beyond what we are currently doing to try and encourage growth.
 

former wesleyan

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The UK Government has today announced a major investment to create a technology cluster in East London. With companies including Google, Facebook, Cisco and Intel indicating that they intend to invest in the project, our Government really must up its game. All of these companies have major operations in Ireland and we're clearly failing when we can't attract increased investment.
The Indian Ambassador at UCC yesterday said that Ireland is strange in how it makes studying so difficult for Indian students. They can go to an Ivy League University for less than an Irish University. The relevance is that the IT startups in Silicon Valley by ethnic Indians is huge.
 

logic

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A large part of the reason our bond yield is so high is that we have no policies for growth. The bond market is quite aware that our ability to repay is entirely dependent on us creating growth in the economy. We have no policy for growth, hence the market is closed. There is plenty we could do beyond what we are currently doing to try and encourage growth.
Don't get me wrong I'd love to see policies to improve growth, but who would invest in us at the moment?
 

johnfás

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Don't get me wrong I'd love to see policies to improve growth, but who would invest in us at the moment?
Investment is based on pay offs. Frankly, so long as we get our political system stabilised (which is absolutely key and could be done very quickly) and we provide what MNCs are looking for - which is educated and flexible workers who are productive - they will invest here. It is not rocket science. If we want people to invest here we have to make it worth their while.

There are currently thousands of young people leaving Ireland with absolutely no debt taking up jobs abroad for far less pay than is on offer for the few jobs that are here. We need to incentivise companies in Ireland to take on these graduates. It makes sense on a whole load of levels, not least because our demographics demand that our workforce grows (over 65s will grow by 100% over the next 15 years so who will pay all their pensions?).

We have got to act on these things, the idea that a rising tide will lift all boats and that the international economy will entirely save us is nonsense. It didn't in the 1950s and it didn't in the 1980s. How our economy develops is dependent on what we do. If we don't start getting widgets moving in the economy it doesn't make a difference what happens elsewhere.
 

Future

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A technology IFSC type policy would be very welome to boost jobs.

Does anyone know what happened tot he Spirit of Ireland renewable project that was on Frontline ages ago? Sounded like a good idea to make us leaders in the renewables area.
 
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So does Canary Wharf, you plank...
Difference is Canary Wharf was split off from there to develop it and get rid of the council involvement in planning and everything else until it developed.

Tower Hamlets consistently comes up as the worst borough in London to live in which to be honest richly deserves the title.

I see this as a no chance investment but its good PR.
 

Chrisco

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Difference is Canary Wharf was split off from there to develop it and get rid of the council involvement in planning and everything else until it developed.

Tower Hamlets consistently comes up as the worst borough in London to live in which to be honest richly deserves the title.

I see this as a no chance investment but its good PR.
So how does being in the worst borough in which to live (which is actually Newham, which is also where most of this will be located, so your being wrong twice cancel each other out) mean they won't be able to develop a tech hub?

You are such a typical Fianna Failure that you can't even hide the arrogance and hubris which are in no small part responsible for the ruination of this country.
 

FalseFlag

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Be Afraid, Be Very Afraid

This is a major threat to what is left of Ireland's economy. The Google type companies currently in Ireland are basically being offered an 'in case of emergency - break glass' option to move to East London if things go sour here.

One of the finalists in the Your Country Your Call competition was to basically transplant the gaming industry as it exists in the U.K. by offering IDA Premises and tax breaks coupled with our corp tax rate of 12.5 %. WTF is our Government doing? It's like they are frozen in headlights, for fear of telling the public how it really is financially for the country.

All it takes is for Ireland to enter into the E.U. loan offer with strings and put the funds into a broken system domestically, and then slowly Ollie will methodically 'harmonize' our tax regime with countries like Germany. This whole situation is just far more serious than people understand. Maybe they do understand but just don't want to hear it anymore.
 
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So how does being in the worst borough in which to live (which is actually Newham, which is also where most of this will be located, so your being wrong twice cancel each other out) mean they won't be able to develop a tech hub?

You are such a typical Fianna Failure that you can't even hide the arrogance and hubris which are in no small part responsible for the ruination of this country.
They may develop a tech hub but the issue is overcoming the fact that people avoid the place like the plague.

Shoreditch has done ok in recent years because of cheap rent for media companies who once they get big enough move out to west london to better accommodation..

Tech hubs next to Uni's like Cambridge / Oxford / Warwick / Lancaster where there is long term history of industry support have a far greater chance of success that East London.

Cameron's attempy is to give something back to Boris to shut him the hell up because Boris is running for re election with a likely chance of losing hence getting BoJo on board and singing from same sheet avoids the screw up as with BoJo last week.

Its a PR stunt designed to show that support is happening for inner cities where reality is Tories don't give a F*** for areas where nobody ever elects a Tory even on council.
 

Chrisco

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They may develop a tech hub but the issue is overcoming the fact that people avoid the place like the plague.

Shoreditch has done ok in recent years because of cheap rent for media companies who once they get big enough move out to west london to better accommodation..

Tech hubs next to Uni's like Cambridge / Oxford / Warwick / Lancaster where there is long term history of industry support have a far greater chance of success that East London.

Cameron's attempy is to give something back to Boris to shut him the hell up because Boris is running for re election with a likely chance of losing hence getting BoJo on board and singing from same sheet avoids the screw up as with BoJo last week.

Its a PR stunt designed to show that support is happening for inner cities where reality is Tories don't give a F*** for areas where nobody ever elects a Tory even on council.
Yeah, and they want the Olympic park lying derelict after 2012...
 

Chrisco

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Fraid there will be bugger all they can do about that but must admit will enjoy being over there during the games.
I am afraid you are wrong...

It won't be a patch on Beijing.
 


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