The best-known example of this groupthink competitive advantage is in Silicon Valley, where most of the world’s brightest tech talents have gathered for the past decade. With companies from Google to Apple and Facebook to Twitter all operating within the same geographical boundaries, the atmosphere of innovation on the West Coast is tangible. I have long believed the UK is floundering behind the US and elsewhere when it comes to technology, and the lack of a principal hub to nurture the undoubted British talent is one of the main reasons why.