Sadiq Khan, the mayor of London, traveled to California as part of an industrial project to try to convince Silicon Valley tech leaders to invest more money in the British capital.
On Tuesday, Khan met with senior generation executives, adding Google’s chief monetary officer Ruth Porat, venture capitalists and Bay Area entrepreneurs.
The mayor of London expects despite everything that is already a strong appointment between London and Silicon Valley.
In particular, it needs more U. S. tech corporations. It also needs more U. S. tech investors from the U. S. The U. S. government to support more London startups with more than its billions.
U. S. tech giants, which join Google, Meta, Amazon, Twitter and Apple, already have giant offices in the capital, while Silicon Valley venture capital heavyweights, who join Sequoia and Lightspeed Ventures, have also recently set up outposts in the city to locate investment opportunities in startups. . .
Before their meetings, Khan said he planned to “beat the drum to get even more investment in London through American tech companies. “
In 2016, there were fears that Brexit would trigger a mass exodus of American technology, but that didn’t happen.
Today, America’s tech giants employ tens of thousands of other people in London, many of whom hold high-skilled, well-paying positions that contribute to the city’s overall economy.
In January, Google announced it would pay a billion dollars for the colorful Central St. Giles, where it already occupies several floors, in London’s West End.
The web giant is also building a new sprawling workplace with enough space for more than 4,000 workers at a King’s Cross station, while Apple is expected to be one of the main tenants in the refurbishment of the forced Battersea plant.
“Google is committed to london’s expansion and good fortune through investments in our local offices, workers and R
“Google builds on the Mayor’s confidence in the strength of generation to drive sustainable economic growth, and we look forward to deepening our connection to the capital for years to come. “
A study published Wednesday shows that London is the best destination for U. S. tech companies to expand internationally, ahead of other European capitals such as Paris, Berlin and Stockholm.
While investments through U. S. tech corporations are not available. While U. S. housing agencies can create jobs and energize local economies, they can also increase real estate costs. Costs of ownership in King’s Cross and Shoreditch have skyrocketed over the past decade with the arrival of corporations like Google and Amazon, for example.
The average value of assets in June 2010 in N1 (the postcode encompassing parts of King’s Cross and Shoreditch) was £561,671, according to online assets site Rightmove. By June 2020, that figure had risen to £939,561, with a variety of points driving the increase by adding government and central bank stimulus.
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