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Tech City firms' explosive growth rewarded with government backing

V3 - Twenty-five UK tech companies have been chosen to receive extra support as the first half of Tech City's Future Fifty scheme. They include booming businesses ranging from enterprise software firms, e-commerce websites and games developers.

A joint venture between the government and the UK's Tech City investment organisation, Future Fifty is intended to further accelerate the growth of Britain's fastest-growing technology companies. In order to be chosen for the list, each firm must have demonstrated 30 percent year-on-year revenue growth as well as having an office in the UK.

Twenty-one of the 25 businesses base their UK operations in London, although several – including cloud storage firm Box, holiday company Housetrip and mobile commerce group Neomobile – are based primarily outside of the UK.

The Future Fifty seeks not only to encourage overseas tech companies to open offices in the UK, but also to discourage British businesses from shutting up shop and leaving for Silicon Valley, where the investment opportunities are greater.