It looks likely that London's Tech City area is set to further increase its contribution to the UK jobs market, with more than 25 international technology firms announcing that they will be making major investments in the capital in order to boost its tech credentials.
The announcement, which was made by London & Partners and Tech City UK, noted that the new investments will create around 750 new jobs in the capital during the next few years.
Companies planning to invest in the city include the big data specialist Pivotal, which is planning to spend £100 million on improving Tech City prosperity during the next ten years, and Realex Payments, which is opening a new London office with plans to recruit 40 new people during the next couple of years.
Other firms to get involved include Cisco and the National Virtual Incubator (NVI), both of which have signed up IdeaLondon in Shoreditch as a member organisation. Computer manufacturer Kano has also established a new office in the region, with plans to increase its staff to over 250 during the next two years.
Joanna Shields, the chief executive of Tech City UK and ambassador for digital industries, was keen to emphasise the ongoing growth of the capital as a tech hub: “It’s only natural that some of the world’s fastest growing digital businesses are making London their home. With its unrivalled package of policies and support programmes, the UK is already helping businesses at every stage of their life cycle drive economic growth and create jobs across a range of sectors."
