London Daily

Focus on the big picture.
Thursday, Oct 16, 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
Yachts, Private Jets, and a Picasso Painting: Exposed as 'One of the Largest Frauds in History'
Australia’s Wedgetail Spies Aid NATO Response as Russian MiGs Breach Estonian Airspace
McGowan Urges Chalmers to Cut Spending Over Tax Hike to Close $20 Billion Budget Gap
Victoria Orders Review of Transgender Prison Placement Amid Safety Concerns for Female Inmates
U.S. Treasury Mobilises New $20 Billion Debt Facility to Stabilise Argentina
French Business Leaders Decry Budget as Macron’s Pro-Enterprise Promise Undermined
Trump Claims Modi Pledged India Would End Russian Oil Imports Amid U.S. Tariff Pressure
Surging AI Startup Valuations Fuel Bubble Concerns Among Top Investors
Australian Punter Archie Wilson Tears Up During Nebraska Press Conference, Sparking Conversation on Male Vulnerability
Australia Confirms U.S. Access to Upgraded Submarine Shipyard Under AUKUS Deal
“Firepower” Promised for Ukraine as NATO Ministers Meet — But U.S. Tomahawks Remain Undecided
Brands Confront New Dilemma as Extremists Adopt Fashion Labels
The Sydney Sweeney and Jeans Storm: “The Outcome Surpassed Our Wildest Dreams”
Erika Kirk Delivers Moving Tribute at White House as Trump Awards Charlie Presidential Medal of Freedom
British Food Influencer ‘Big John’ Detained in Australia After Visa Dispute
ScamBodia: The Chinese Fraud Empire Shielded by Cambodia’s Ruling Elite
French PM Suspends Macron’s Pension Reform Until After 2027 in Bid to Stabilize Government
Orange, Bouygues and Free Make €17 Billion Bid for Drahi’s Altice France Telecom Assets
Dutch Government Seizes Chipmaker After U.S. Presses for Removal of Chinese CEO
Bessent Accuses China of Dragging Down Global Economy Amid New Trade Curbs
U.S. Revokes Visas of Foreign Nationals Who ‘Celebrated’ Charlie Kirk’s Assassination
AI and Cybersecurity at Forefront as GITEX Global 2025 Kicks Off in Dubai
DJI Loses Appeal to Remove Pentagon’s ‘Chinese Military Company’ Label
EU Deploys New Biometric Entry/Exit System: What Non-EU Travelers Must Know
Australian Prime Minister’s Private Number Exposed Through AI Contact Scraper
Ex-Microsoft Engineer Confirms Famous Windows XP Key Was Leaked Corporate License, Not a Hack
China’s lesson for the US: it takes more than chips to win the AI race
Australia Faces Demographic Risk as Fertility Falls to Record Low
California County Reinstates Mask Mandate in Health Facilities as Respiratory Illness Risk Rises
Israel and Hamas Agree to First Phase of Trump-Brokered Gaza Truce, Hostages to Be Freed
French Political Turmoil Elevates Marine Le Pen as Rassemblement National Poised for Power
China Unveils Sweeping Rare Earth Export Controls to Shield ‘National Security’
The Davos Set in Decline: Why the World Economic Forum’s Power Must Be Challenged
France: Less Than a Month After His Appointment, the New French Prime Minister Resigns
Hungarian Prime Minister Viktor Orbán stated that Hungary will not adopt the euro because the European Union is falling apart.
Sarah Mullally Becomes First Woman Appointed Archbishop of Canterbury
Mayor in western Germany in intensive care after stabbing
Australian government pays Deloitte nearly half a million dollars for a report built on fabricated quotes, fake citations, and AI-generated nonsense.
US Prosecutors Gained Legal Approval to Hack Telegram Servers
Macron Faces Intensifying Pressure to Resign or Trigger New Elections Amid France’s Political Turmoil
Standard Chartered Names Roberto Hoornweg as Sole Head of Corporate & Investment Banking
UK Asylum Housing Firm Faces Backlash Over £187 Million Profits and Poor Living Conditions
UK Police Crack Major Gang in Smuggling of up to 40,000 Stolen Phones to China
BYD’s UK Sales Soar Nearly Nine-Fold, Making Britain Its Biggest Market Outside China
Trump Proposes Farm Bailout from Tariff Revenues Amid Backlash from Other Industries
FIFA Accuses Malaysia of Forging Citizenship Documents, Suspends Seven Footballers
Latvia to Bar Tourist and Occasional Buses to Russia and Belarus Until 2026
A Dollar Coin Featuring Trump’s Portrait Expected to Be Issued Next Year
Australia Orders X to Block Murder Videos, Citing Online Safety and Public Exposure
Three Scientists Awarded Nobel Prize in Medicine for Discovery of Immune Self-Tolerance Mechanism
×