11 June 2012

Silicon Valley Bank Opens in London

According to recent news, the Silicon Valley Bank has opened a branch in the east of London today. The Bank is directly aiming to attract customers from the UK and Europe wide. The type of customers they are looking to help are start-ups businesses where their business plans are mainly based on technology development and science related fields, this may be in the context where the UK government had previously announced its plans for Tech City in East London. This is good news for technology entrepreneurs as finally they get a dedicated Bank that is designed to meet their requirements and understanding.

George Osborne, UK Chancellor stated: “The news that Silicon Valley Bank is launching a full banking service in London is yet more proof that the UK is fast becoming the technology centre of Europe.”  The address of the Silicon Valley Bank is 41 Lothbury in the City of London UK.