SFCED | San Francisco Center for Economic Development

UK Government Wants to Compete with San Francisco to Rule the New ‘Sharing Economy’

Following the success of businesses such as Airbnb, Rentmyitems and Zipcar, the British government has commissioned a report into the “sharing economy”, with the optimistic idea of turning the UK into a “global centre”.

The announcement was made by Matthew Hancock MP, the Minister for Business and Enterprise, at the Conservative Party Conference in Birmingham. He said: “There’s huge economic potential for the sharing economy and I want to make sure that the UK is front and centre of that, competing with San Francisco to be the home of these young tech start-ups.

Read more: ZDNet UK government wants to compete with San Francisco to rule the