For centuries, London has remained one of the world's most industrious cities. Indeed, even when industry itself packed up and went off to China, it still remained one of the world's most prosperous cities due to financial services and, more recently, IT.
According to Tech City UK, London has harvested more technology-related investment than other Paris, Berlin and Amsterdam combined.
However, London isn't the only part of the UK to benefit from this investment.
Overall, the UK has enjoyed £6.8 billion in venture capital and private equity investment since 2016 - that's more than double the amount of other European countries. Britain is also home to more than 1.64 million technology professionals, eight of Europe's most prestigious universities and thousands of innovative start-ups.
As a result, there are, in fact, plenty of other growing pockets of innovation spread across the country.
In 2016, 68 per cent of UK technology investments were made in cities and regions outside of London, and six technology clusters raised nearly £700 million in funding alone.
These were Edinburgh with £159 million, Cambridge (£153 million), Bristol and Bath (£109 million), Oxford (£106 million), Manchester (£78 million) and Sheffield (£61 million).
Wales as an emerging hub
Meanwhile, a report from law firm Nockolds indicated that the Welsh technology industry is the fastest growing after London.
During 2016, the number of digital companies launching in Wales grew from 3,000 to 3,275 - representing a growth of 9.1 per cent. Cardiff and Swansea, have become key drivers of the Welsh technology industry.
For technology entrepreneurs and professionals, the general belief is that they should move to large cities like London to be able to succeed. However, the success of these technology clusters proves that this isn't necessarily true.
London may have lots of great tech jobs on offer, but Wales has also enjoyed impressive employment growth thanks to continued investment. Tech City UK estimates that more than 17,400 people are working in the Welsh tech sector, with salaries averaging a well-above-average £43,000.
There are also lots of high-growth Welsh tech firms constantly creating new job opportunities, with Swansea-based e-commerce firm Veeqo a good example.
The company expects to create another 170 new jobs in the foreseeable future as it looks to expand globally.
Wales isn't without its major companies that have set-up home there, either: companies such as Sony, GoCompare and IQE have bases in and around Cardiff. So London isn't necessarily the only city attracting interest from global giants.
Wide support network
In regional tech hubs, there's often a collaborative ethos fostered between entrepreneurs, investors and academia to generate new ideas and opportunities for everyone.
For instance, Wales benefits from organisations such as Cardiff Start, Innovation Point and BeTheSpark, which attempt to bring the industry together. They regularly run networking events, workshops and investment pitches for the nation's brightest start-ups and innovators.
Entrepreneurs and fresh start-ups can also take advantage of a wide variety of co-working spaces, such as TechHub, Tramshed Tech, Welsh ICE and Indycube. Many of these are based in towns outside of Swansea and Cardiff, helping to spread investment across Wales.
Then there's the Welsh government, which provides investment and business schemes for SMEs. However, it also offers funding opportunities - particularly around superfast broadband - to improve technology infrastructure.
Wales even has its own development bank, which ploughs millions in investment into the industry annually.
Jason Stallard, co-founder of Cardiff-based digital marketing agency Station Road, said that the great thing about South Wales is that it offers entrepreneurs and companies access to a "wide range of individuals and knowledge from a great support network".
He also notes the fact that not everybody is a fan of large, unfriendly cities like London.
Speaking about Cardiff, he says: "If getting away from the hustle and bussle of the city and day to day life is required, the great outdoors is literally within a stone's throw of the city centre. Or for the more adventurous business person, access to the Brecon Beacons is under an hour's drive."
Technology clusters like South Wales are cultivating the next-generation of technology professionals, too. Just last year, US tech firm Cisco formed a partnership with the University of South Wales and the Welsh government to set up an educational initiative to train the cyber security pros of the future.
Based in Newport, the National Cyber Security Academy provides students with courses that are based on real-life scenarios, as opposed to focusing on just theory. At the time, Cisco's UK CEO Scot Gardner said that the centre will "address a business-critical issue, not only for Wales or the UK, but globally".
Cardiff-based technology entrepreneur Elliot Thomas, who founded software development outsourcing firm Clockers, believes that the biggest benefit of regional tech hubs is that they're often a lot cheaper than big cities.
"The cost of office space and staff rates definitely matter. When you are in the early start up phase, it's very important that every available penny you have is used in the best way possible," he says.
Elliot says that one of the most "overlooked benefits" of setting up a business in South Wales is the access to "outstanding sales talent". He says: "We have many contact centres from some of the biggest companies in the UK, such as BT, British Gas, T-Mobile and Admiral, based here.
"These companies are producing highly trained telesales and customer service staff, and when they move on from these roles the attraction to a growing startup can sometimes be too hard to turn down.
"Selling a product or service business is always the hardest part, and having this uniquely special talent pool to tap-in to is a definite benefit," he says.
Nothing is likely to change the fact that London is the UK's biggest and most lucrative business centre, but that's not to say that the rest of the nation is a backwater.
There are clearly many other innovative and growing digital ecosystems throughout Britain and, in recent years, Wales has emerged as one of them.
There's little doubt that, with consistent support and enthusiasm, the Welsh tech sector will continue to grow.
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