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Tech City UK has moved into one of London's most exclusive startup spaces — but it won't say how much it's paying
Tech City UK
Tech City UK, a government-funded quango set up to grow the UK tech sector, has moved into one of the most exclusive startup spaces in London and it's refusing to say how much rent it's paying.
The organisation moved into the members-only Second Home building just off Brick Lane after the office it was in previously shut due to safety concerns.
Second Home, cofounded by Rohan Silva, a former special advisor to Prime Minister David Cameron, is widely regarded as one of London's coolest startup spaces, although Silva himself prefers to call the building a place for "scaleups".
Business Insider asked Tech City UK and Silva how much the taxpayer-funded organisation is paying to be there but neither provided a figure.
A Tech City spokeswoman said: "We have relocated to Second Home. We regularly move office locations so that we are surrounded by different members of the community — it's a great way to get a feel for what people are building, for our whole team to learn new interesting things, and to engage with a diverse mix of people in tech."
The spokeswoman added that Tech City UK is actually paying less to work out of Second Home than it did to work out of Runway East, which is the coworking space based that Tech City UK used to be based out of.
Following up with Silva after the publication of this article, Business Insider learned that Second Home charges "roaming members" £350 per person per month, while "studio members" pay £650 per person per month.
Silva also pointed out that Second Home is cheaper than Runway East and WeWork, another former home of Tech City UK.
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