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London attracts investment from 100 overseas tech firms  

London tech FDI 2023
Image credit: ESB Professional

London has secured foreign direct investment (FDI) from 100 international tech companies this year to create over 4,380 jobs, new data has shown.

The investments were secured by London & Partners, the growth agency promoting the UK capital, and cement London’s position as the top destination for FDI in Europe and third globally.

It marks a 40% year-on-year increase in the number of jobs created from FDI in a sign that London continues to be an attractive destination for overseas businesses amid a challenging macroeconomic environment.

In addition to the 100 FDI investments secured by London & Partners, 278 companies set up operations in London this year. Among those are Californian cybersecurity company Palo Alto Networks and ChatGPT maker OpenAI....