London looks across the pond for tech investment
London mayor Sadiq Khan has led delegation of 30 London tech companies to New York in a bid to convince Wall Street that the capital is still open for business in the wake of the Brexit vote.
Whilst the overriding message of the trip was business as usual, many are worried that a so-called ‘hard Brexit’ could curtail free movement of labour on the continent and in turn pose a long-term threat to London’s status as a tech hub.
Until then however, it seems that American appetite for UKgrowth remains undimmed with a number of new investment deals signed, including a decision by co-working office space provider WeWork to open two more sites in London and website marketing firm BounceX’s decision to create 300 new jobs in a new office in the city.
Khan himself has declared ‘London is open’ but has conceded he has no authority over immigration policy.