The Mayor of London has announced that record-breaking investment deals have been agreed, securing economic growth and future jobs for Londoners.
More than £100 million of investment has been announced by the mayor, with companies from around the world – from China to the US – creating almost 10,000 new jobs for people living in the capital. These jobs cover a range of industries, including technology, life sciences, and the green sector.
This investment comes in support of the mayor’s London Growth Plan, which aims to create more than 150,000 good jobs in the city by 2028, whilst also increasing the standards of living for communities. Growing London’s economy is central to this, and this investment works hand in hand with the £380 million per year that the mayor is investing into skills, careers and employment activity.
Mayor of London Sadiq Khan said:
“I’m proud that in 10 months London has already had a record-breaking year for investments – proving that our city is one of the best in the world to start and scale a business. My message is that London is open: open to business, open to investment, and open to new and fruitful partnerships.
“London is home to fast-growing sectors at the innovation frontier like life sciences, AI, deep tech and climate tech, as well as a world leader in financial and professional services, digital technology and creative industries like film, TV and gaming, and the experience economy.”
The news of further investment came at the International Investment Summit, which saw the government putting the nation in the shop window for investors, as it looks to drive economic growth and prosperity around the country.
Jonathan Reynolds, Business Secretary, added:
"Mayors up and down the country are working with us on our pro-growth, pro-business, pro-worker economy and these investment deals in London are the jewel in the crown.
“This is just the beginning. We're showing what can be achieved when we work together to give global businesses the certainty they need.”
Image credit: iStock
