The sun’s out, I’m just back from an excellent relaxing holiday, and there’s some great news for the UK IT sector. Happy Days!

I was positively delighted to hear that Google have taken out a building at the so called ‘Silicon Roundabout.’ Its plans to open up the 7 floors to organisations that support tech entrepreneurs, providing a launchpad for new London-based start-ups and developers. It’s great to see the big guy stick up for the little guy – corporate mentoring could be a fantastic way to negotiate out way into a period of growth.

In addition to providing space for other organisations that work with start-ups, the building will host a range of activities, such as speaker series, hackathons, training workshops and product demonstrations for engineers who could benefit from Google’s knowledge of building large scale online services. Bravo Google! Bravo!

Silicon Roundabout aka Tech City was a great idea to start with: a technology hub of this sort will help to encourage foreign investment and give the economy a welcome boost. Research and development is one area which will act as a key driver to helping the private sector pick up new contracts and create new jobs in the months and years ahead.

Indeed, a highly respected, cutting-edge technology centre in London can only help to cement the UK’s position as a top research and development destination. And following the UK’s stellar ranking as 5th most competitive offshoring destination in the WHOLE WORLD (Global IT Industry Competitiveness Index 2011 organised by the Business Software Alliance) we could soon see the work flooding in and that’s fantastic news for everyone in for UK PLC.

The whole world will begin recognise East London as an area with access to leading innovations and technology to outsource their work to. Tech City to will encourage business and investment. Of course, all of this is good news for the outsourcing industry, with the prospect of international businesses using the UK to source high level, fully trained technology professionals.