Mayor announces record investment.

The Mayor of London has just unveiled groundbreaking investment deals that promise a prosperous future for the city and its residents.

Exceeding a staggering £100 million, these investment agreements bring together companies from across the globe – spanning from China to the United States – to generate nearly 10,000 new employment opportunities for Londoners. These positions encompass various sectors, including technology, life sciences, and the emerging green industry.

This substantial investment aligns with the mayor’s ambitious London Growth Plan, geared towards establishing over 150,000 high-quality jobs in the city by the year 2028, while concurrently elevating the quality of life for local communities. Vital to this plan is the overarching aim of fostering London’s economy, synchronising seamlessly with the mayor’s annual injection of £380 million into skills enhancement, career development, and employment initiatives.

Sadiq Khan, the Mayor of London, expressed his enthusiasm, stating:

“I take great pride in London achieving a record-breaking year for investments within a span of just 10 months – a testament to our city’s status as a global hub for business inception and expansion. My key message is clear: London stands ready and receptive – welcoming businesses, investment, and mutually beneficial partnerships with open arms.

“London serves as a fertile ground for rapidly expanding industries at the vanguard of innovation, such as life sciences, AI, deep tech, and climate tech. Moreover, it holds a prominent position as a global frontrunner in financial and professional services, digital technology, creative enterprises like film, television, gaming, and the experiential economy.”

The revelation of further investment opportunities unfolded during the International Investment Summit, showcasing the government’s efforts in attracting investors to stimulate economic growth and prosperity throughout the nation.

Jonathan Reynolds, the Business Secretary, chimed in, saying:

“Mayors across the nation are actively collaborating with us to drive forward our pro-growth, pro-business, and pro-worker economy. The investment deals struck in London stand as a crowning achievement.

“This merely marks the inception. Together, we are illustrating the immense potential unlocked when we join forces to offer global enterprises the stability and assurance they seek.”

Image credit: iStock