Cloud computing company Salesforce has announced a £1.9bn ($2.5bn) in the UK over the next five years. The announcement comes ahead of Prime Minister Theresa May’s Tech Investment Roundtable on Wednesday.
The San Francisco-based tech firm, best known for its customer relationship management (CRM) system, which is used by multinational companies around the world said it plans to increase headcount, data centre capacity and office space in the UK as its customer base expands.
The announcement follows last months opening of the company’s first European innovation centre in Salesforce Tower London, which will leverage cloud, social, mobile, artificial intelligence and internet of things technologies to drive services.
The second UK data centre will open in 2019.
— Salesforce (@salesforce) 13 June 2018
The news shows that London will remain Europe’s top hub for tech investment despite Brexit. In 2017 UK tech firms took in almost four times more funding than Germany and more than Sweden, France and Italy combined, according to London & Partners, the Mayor of London’s official promotional agency. Some 2.1 million people are now employed in the country’s digital tech economy.
The Salesforce move follows major investment and expansion announcements in the U.K. by the likes of tech leaders Apple, Amazon and Google in the last year.
Theresa May championed the investment. “Salesforce offers a wonderful example of the benefits a successful technology company can bring to the U.K. economy, and I welcome their continued investment which will create interesting and high-skilled jobs for our workforce,” she said in a statement released by Salesforce.
More than £2.3 billion in private investment and 1,600 new jobs are to be announced at the prime minister’s tech event Wednesday, as well as government ventures including a new start-up visa regime and a £2.5 billion British Patient Capital Fund aimed at helping UK companies scale up and go global.
Mrs May celebrated the commitments, saying in an official press release, “The measures we are announcing today will allow innovative British start-ups to invest in their future — and in the UK – by hiring more skilled people, expanding their business and exporting their expertise across the world.”