UK "tech city" doubles number of start-ups

This is such BS it's unbelievable.

Beyond the obvious correlation/causation issues, tech city offers startups little direct benefit. The advantages are going to be:

1. Subsidised office/living space converted from olympic village (2013+)

2. More large tech companies to help attract tech talent from E Europe and provide a visible alternative choice to the UK tech grads who primarily go into banking

3. ?

It's hugely unclear what impact this program is going to have. I support it, because I think that making [UK] startups more visible as a career path is a major win. But the developments may also kill the current tech area by raising rent -- the community is there because it's a cheap and fun area for young people.