The new investment could see thousands of new jobs created
Google will open its new headquarters in London which could create 3,000 new jobs by 2020. The news comes as Google commits to a £1bn investment plan into the UK.
This will be a major boost for Britain’s technology sector.
Sundar Pichai, the chief executive of Google, told the BBC: “The UK has been a tremendous market for us,”
“We see big opportunities here. This is a big commitment from us – we have some of the best talent in the world in the UK and to be able to build great products from here sets us up well for the long term.”
The vote to leave the European Union could come at risk for the investment if barriers are put into place against skilled immigration.
At the moment Google currently employs 4,000 people in the UK, this figure could rise to 7,000, the new office space in Kings Cross will be more than doubled.
The Chancellor of the Exchequer, Philip Hammond welcomed the announcement. He told The Telegraph: “This is big vote of confidence in Britain’s leading position as a global tech hub and more evidence that leading firms are choosing to invest here,”
“Our technology industry is central to securing future economic growth and this Government is committed to ensuring it continues to thrive. It’s further proof that Britain is open for business and that we continue to be an outward-looking, world-leading nation.”