Canary Wharf, historically one of the worlds busiest ports that have now become one of the main financial hubs in London. All started in 1991 when Canary Wharf started to develop office complexes and some rather long buildings that were used to house UK banks.
Two of the largest industries in Canary Wharf are finance and technology. Ten years ago, financial companies accounted for 70% of Canary Wharf’s tenants. That number has now gone down to 55% as tech companies such as IBM, Intel, and Oracle move their headquarters to the area.
There are 120,000 daily workers in Canary Wharf, and the area supports more than 398,000 jobs in total across the UK. Many of the companies that were founded and housed in Canary Wharf have since expanded to a national level, creating jobs in satellite offices across the country.
