The Mayor of London Sadiq Khan has said London is open for business as the leading city for Chicago-based tech firms looking to expand outside the US.
Khan made the announcement during his visit to 1871, an innovation hub in Chicago, earlier today.
He commented: “London is the world’s most competitive city, offering expanding international companies unrivaled talent and creativity and a time zone that overlaps with other financial centers of power.
“Our technology sector is unparalleled across Europe, open to all and home to all manner of tech and digital companies who are helping to drive economic prosperity across the capital.
“I am delighted that Chicago businesses are investing in London and recognise that our great city is a true business powerhouse,” he concluded.
According to data compiled by London & Partners, the Mayor of London’s economic development company, over the last decade more Chicago-based firms have chosen to set up in London other than in any global city.
During his appearance, Sadiq Khan urged Chicago-based companies to follow the lead of those that have already invested in the UK’s capital, including insurance giant AoN and aerospace firm Boeing, which has its British headquarters in London and is planning to expand further across the UK this year.
Digital businesses from Chicago that have already committed to London also include online food delivery firm GrubHub, e-commerce marketplace Groupon and FinTech company Avant.