Government announces £2.3bn fund, new jobs and visa scheme to boost UK tech scene

Prime Minister Theresa May has said Britain will reap the benefits of a huge £2.3bn investment that could create 1,600 news tech jobs, whilst speaking at a meeting with tech leaders during London Tech Week.

The majority of the investment comes from US tech giants and venture capitalists including Salesforce, a cloud company, which has pledged to invest £1.9bn in the UK over the next five years as well as open its second UK data centre in 2019, which could create 900 jobs. 

UAE investor, Mubadala, is also launching a £300m European investment fund based in the UK. NTT Data, deliverer of technology-enabled services and solutions, are investing £41m to open a new office and Innovation Centre in London, which should create up to 200 jobs over the next three years.

In Spring 2019 a new “Start-up Visa” will be launched. This will allow tech founders to use a visa route which is usually only exclusively available to university graduates. 

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