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UK ATTRACTS £2.3BN IN TECH INVESTMENTS, CREATING 1,600 NEW JOBS

Theresa May has announced that tech firms are to invest more than £2 billion in the UK, creating 1600 new jobs.

Earlier this month the PM hosted a tech roundtable event, to showcase Britain as the best place to run a tech company in the world. Three firms announced their private investment into the UK economy.

The companies who announced investment were:

  • Salesforce, who are investing $2.5 billion in the UK over the next five years, which will include the opening of a second UK data centre in 2019
  • Mubadala, who are launching a £300 million European investment fund based in the UK
  • NTT data who are investing £41million, opening a new office and Innovation Centre which will create up to 200 jobs over the next three years.

During the event, the PM also announced several government-funded initiatives that will help develop British start-ups and attract foreign talent.

A £2.5 billion program to help develop UK companies grow overseas was among the initiatives, as well as a visa scheme run by the government that aims to attract more foreign entrepreneurs. In addition, the government will be starting two overseas ‘tech hubs’ in South Africa and Brazil. The ‘tech hubs’ are developed to build innovative partnerships and develop skills, capability and business networks in these markets

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