London Daily

Focus on the big picture.
Wednesday, May 14, 2025

Can London Become The Next Silicon Valley?

Can London Become The Next Silicon Valley?

Renew Party's candidate for Mayor of London, Kam Balayev, wants to accelerate London's digital economy by championing the fintech sector, and capitalising on opportunities inadvertently offered by the Covid-19 pandemic. We talk to him about how a London of the future might look:


How has the Covid-19 pandemic changed us digitally?


Digital technology is now second nature. From people in older age groups embracing Zoom to the ubiquity of smartphones, content streaming, websites and apps, digital tech is deeply embedded into our daily lives. The coronavirus pandemic has speeded up this process.

Which are the digital sectors this pandemic has inadvertently aided?


It sped up the digital transformation of the health and education sectors.

Online consultations have helped keep GP surgeries safe and ensured access to treatment for vulnerable people. Home learning for school children and university students has gone from being a marginal practice to completely commonplace. The potential for these two vital sectors to embrace digital solutions is huge, and London's expanding tech sector can help facilitate this shift further.


"Digital tech is deeply embedded into our daily lives."


Which other key sectors should we be using more tech in?


A key component in any city offer to new investors is safety. Rising crime, particularly violent crime, is a huge concern for Londoners. In fact it's the issue of most concern to residents after healthcare.

By using the latest digital technologies, divisive stop and search techniques can be replaced, while still ensuring that knives are taken off our streets. What works in London can then be exported to other UK cities and across the world.

And what about the struggling businesses - what's your advice to them?


Of course, many industries have suffered badly. In particular, the last few months have provided a reality check for those who have been reluctant to embrace the digital economy. With so much uncertainty, it's digitally agile businesses and countries that will be better placed to prosper.


"Participatory budgets, e-petitions and citizen assemblies would all hand real power to citizens."


So how important is London in this digital shift?


London is at the forefront of the UK's digital economy. For example, it has played a pioneering role in cyber-law. And the English language is a key advantage - overwhelmingly the language of choice for global tech companies. The city also contains huge numbers of highly skilled and ambitious bilingual people. London has the potential to become a global hub where ambitious tech entrepreneurs want to be based. But the competition from other cities is fierce.

How do you think London can achieve these bold ambitions?


There's a gap in the market.

Silicon Valley is a place for ambitious start-ups, but thanks to tech giants like Google and Facebook, the market has grown more insular. It can be difficult for start-ups to find a foothold, as small and medium-sized businesses are priced out. That's where London comes in: a new 'silicon centre' that incubates the tech giants of the future. Innovative, exciting start-ups, growing businesses and emerging giants could flock to the city if it creates an attractive environment, with the right infrastructure in place to support them.

There's been much controversy surrounding tech and politics. Can tech actually change democracy for the better?


A forward-looking, digitally pioneering country needs and deserves an electoral system that works. Participatory budgets, e-petitions and citizen assemblies would all hand real power to citizens.


Kam Balayev: standing as the Renew Party candidate for Mayor.

Newsletter

Related Articles

0:00
0:00
Close
South Africans chant call to genocide against White people.
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Flip flop: UK Introduces New Immigration Policy to Reduce Net Migration
Elon Musk Joins Trump Meeting in Saudi Arabia
Poland Tightens Immigration Policy with New Plan to Suspend Asylum Law
Trump says it would be 'stupid' not to accept gift of Qatari plane
8-Year-Old Orders 70,000 Lollipops Using Mother’s Phone, Prompting $4,200 Amazon Bill and Viral Facebook Plea
Quantum Computing Threatens Bitcoin Security
American citizens account for 70% of worldwide pharmaceutical sales despite comprising only 4% of global population
New Details Emerge on Syrian Attacker's Motives in German Festival Stabbing
Brazil’s President Aims to Strengthen Ties with China Amid US Trade Tensions
Senate Democrats Move to Censure Trump Over Qatar Jet Gift
First White South Africans Resettled in the U.S. Amid Controversy Over Persecution Claims
Hamas Releases Last Living US Hostage from Gaza Amid Ongoing Conflict
India and Pakistan Agreement on Ceasefire Amid Ongoing Tensions
Arsenal Stages Comeback to Draw 2-2 Against Liverpool in Premier League Clash
Trump's Upcoming Visit to Gulf Nations: Investment and Security at the Forefront
Rodrigo Duterte Awaits Trial at The Hague. Next week he might be elected mayor of his hometown
Trump fires director of U.S. Copyright Office, sources say
Retired British police officer arrested over ‘thought crime’ tweet
Cardinal Robert Prevost Elected as Pope Leo XIV, Marking a Historic Papacy
Newark Mayor Ras Baraka Arrested at ICE Facility Amid Congressional Visit
India-Pakistan conflict may be first test for Chinese military tech
Bill Gates Announces Plan to Wind Down Philanthropic Foundation and Disperse Wealth
Historic Papal Conclave Set to Commence in Rome
Huge Copper, Gold, and Silver Discovery in Argentina and Chile — But the Profits Go Abroad
Prince Harry is pleading for reconciliation — but the royals are just as sick of his victimhood as everyone else
The Road to Freedom: She Protested Putin, Escaped House Arrest, and Survived a 2,800-Kilometer Journey
OpenAI's Flip-Flop: No Longer Going Commercial, Back to Nonprofit, After Musk Lawsuit and Backlash
“Trump Supporter” Aims to Bring a MAGA-Style Shift to Romania
First From China: Zhao Xintong Wins the Snooker World Championship
Nvidia Faces Billion-Dollar Losses – Warns: China Is on Its Way to Becoming an AI Superpower
Trump Rules Out Third Term, Names JD Vance and Marco Rubio as Potential Successors
Mexico Says ‘No’ to U.S. Troops: President Sheinbaum Rejects Trump’s Offer to Fight Cartels
Nigel Farage’s Reform UK Storms the Map, Wrecking the Two-Party Monopoly
DOGE: Reimagining Government Operations with AI
Common Sense Returns to Britain's Legal System: UK Supreme Court Declares a Woman Is… a Woman
Beijing Says U.S. Is ‘Reaching Out’ for Tariff Talks Amid Soaring Trade Tensions
U.K. Court Rejects Prince Harry’s Final Appeal Over Police Security
Prince Harry’s Heartfelt Outburst Rocks the Royal Family
Trump Shares AI-Generated Image of Himself as… Pope, Prompting Outrage Reaction
Transgender Swimmer Secures Five Gold Medals at U.S. Masters Championship
Prince Harry: “I Want Reconciliation with My Family”
Germany's Alternative für Deutschland (AfD) party has now been officially labeled “right-wing extremist” by the federal office for the so-called “protection of the constitution.”
Amazon Launches Satellite Internet Service Amidst Competition with SpaceX
Transformative Changes in Women's Wrestling: The Rise of WWE Superstars
The Rush to the White Gold: Global Investment Surge in Natural Hydrogen Exploration
This is a day in Spain without electricity and internet
Reform UK Surprises in British Elections, Challenging Traditional Two-Party System
×