Three global technology firms will be investing £2.3bn in the UK over the next few years, creating 1600 new jobs.
In a roundtable tech event hosted by Prime Minister Theresa May, the names of the three companies to invest in the UK were announced. The US private-sector cloud computing firm Salesfore will be investing £1.9bn, opening its second British data centre in 2019.
The UAE's state-owned sovereign wealth fund Mubadala is launching a £300m European fund, that will be based in the UK. Lastly, Japanese IT services firm NTT Data will be investing £41m to open a new office and an innovation centre that will create up to 200 jobs over the next three years.
Alongside its plans to attract further private investment, Mrs May also talked about the planned government-funded initiatives, such as a £2.5bn programme to help UK companies expand overseas. It hopes to secure another £5m in private investment for this scheme.
The government will also be launching two ‘tech hubs’ in Brazil and South Africa, in order to build partnerships, business networks and develop skills in these markets.