Government launches £13.5m cyber security centre in Olympic Park

The government is splashing out £13.5m on a new cyber centre that will help fund British cyber security start-ups in the wake of threats from Russia and North Korea. Located in London's Olympic Park, near to the east London's Silicon Roundabout, the London Cyber Innovation Centre will provide start-ups with the IT infrastructure and technology and space to meet with enterprises facing cyber security threats, in the hope they will secure commercial contracts and investment. 

The government hopes a cohort of fledgling start-ups will break into the global cyber security industry, which is forecast to be worth £69bn in 2018. London is fertile ground for tech start-ups, with one formed every hour.