The Shoreditch Cluster 07 to 14

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description

quick story about shoreditch, the rise of the cluster, the different dynamics underpinning its rise, and the challenges it now faces.

Transcript of The Shoreditch Cluster 07 to 14

Page 1: The Shoreditch Cluster 07 to 14
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Old Street Wasn’t a Destination

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Then This Happened

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The Opposite of Broken Windows

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Density of Talent

Agencies and StartupsDesigners, developers, digital makers

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Makers Led The Way

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Art, Fashion, Music, Tech

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Some of Us are Rock Stars

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It takes a Village

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We need strong local Communities

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Handmade Furniture

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Temporary Spaces

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Politics and Development

• Tech City Organisation primary goal inward investment– Mayor’s Office takes on that mantle

• Municipal support– Hackney Council industrial activism, Regeneration– Tower Hamlets wasn’t in the game

• The Big Event – The Olympics was a booster– but Tech City East failed (top down)

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Challenges

• Commercial rents have tripled in 18 months– Even the New Fringe is getting expensive

• Residential property values skyrocketing• Angel, VC structures still immature– A lack of major grassroots success stories

• Everybody wants an incubator