Hot Features
Premium
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Google has recently delivered a vote of confidence in the future of London as a technological hub. This comes after the Brexit vote that took place. Google announced that they would continue their plans for a new building located in the King’s Cross area. This building will be designed as a home for thousands of engineers.
Sundar Pichai, the Chief Executive of Google states that computer science had a promising future in the United Kingdom. He cited the educational institutions, talent pool, as well as a passion for innovation that is present in the country as reasons for investing in London for both the infrastructure and the engineering talent that is available.
The building will be 10 stories and is the first of its kind built by Google outside of the United States. It will increase the presence of Google in the Kings Cross area to over a million square feet. The building will be large enough for over 7000 employees.
Currently, Google employs 5700 contractors and employees throughout the United Kingdom. This includes around 2000 engineers who are currently housed in a building located in King’s Cross where the expansion will take place.
Pichai became the CEO of Google in October of 2015 when Alphabet Inc., a parent company was created. Pichai said that he is optimistic about the future of Britain, despite uncertainties left after the country decided to leave the European Union.
Throughout history the United Kingdom has offered an open and a connected economy. According to Pichai, like many other companies around the world we take pride in the fact that we recruit some of the best talent throughout the world. We are optimistic that this trend will continue.
Pichai went on to state that they understand that there are concerns about topics such as the exit from the European Union. However, Google knows for certain that digital and web technology is going to be a form of growth for the United Kingdom for many years to come.
Philip Hammond, the British Finance Minister states that this investment from Google shows that leading firms around the world are still willing to invest in Great Britain.
London Sadiq, the mayor of London said the investment shows that inflow into the country remain robust even after Brexit.
Khan also stated that London is the tech capital of Europe and that the city was on the shoulder of catching up with both New York and Silicon Valley.
The news of Google continuing to invest in the United Kingdom even after the country made the decision to leave the European Union shows that there are still many investment opportunities available in the United Kingdom.
If you want to get more information about types of investments, financial news, and help with your portfolio, make sure you’ll try Glenmore Investments. Their platform offers daily support and they can help you set up an investment account that works for you.
