Tech giants to boost UK economy with 1,600 jobs

The UK is set to benefit from 1,600 new tech jobs as part of a £2.3bn investment from private companies including cloud giant Salesforce, the prime minister announced Tuesday.

Theresa May announced the multi-billion pound investment from US tech companies and venture capitalists ahead of a meeting with tech leaders in Number 10 tomorrow.

US cloud provider Salesforce said it will invest £1.9bn in the UK over the next five years. The company confirmed it planned to create 900 jobs as part of the investment programme.

Meanwhile, UAE investment fund Mubadala will launch a new £300m fund based in the UK and Japanese telecoms company NTT will invest £41m in a new office, creating 200 jobs.