Sadiq Khan to Meet Tech Giants on Silicon Valley Trade Mission

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The mayor of London is due to meet with tech company executives as he leads a trade mission to Silicon Valley.

Sadiq Khan will meet on Tuesday with senior officials from some of the world’s biggest tech companies, including Google and LinkedIn, at their headquarters in California.

It is hoped the visits will boost investment and strengthen ties between London’s tech sector and Bay Area businesses as part of a US tour to boost London’s tourism and tech industries.

Sadiq Khan is set to meet tech giants as part of the US tour (Stefan Rousseau/PA)

(PA wire)

The Mayor will also visit the Silicon Valley headquarters of Plug and Play, the world’s largest start-up investor and global innovation platform, which has announced its first UK operations in London and Warwickshire. .

Plug and Play, which was an early investor in Google, PayPal and Dropbox, also aims to make up to 30 investments a year in early-stage UK start-ups.

Palo Alto-based artificial intelligence software provider SambaNova Systems has announced an expansion into the UK with the opening of its first office in London in the coming months.

The mayor will be joined on his visit to the Bay Area by 11 founders of some of London’s women-led tech companies looking to explore investment and expansion opportunities in the US market.

Mr Khan said: “I am delighted to be in Silicon Valley today to bang the drum for even more investment in London by American technology companies.

“London is already the number one destination for US tech company expansion, showing that we are an unrivaled destination for companies to invest in. It’s great news that more and more US tech companies from leaders have unveiled their intention to invest and create new jobs in our capital. , and I would like to invite companies from across the sector and beyond to set their sights on London.

The visit comes as new research reveals that 2021 has been a record year for investment in London’s tech companies.

The study, commissioned by London & Partners – a firm that promotes the City of London – found that the capital has attracted more new international tech investment projects from the US than any other global city in the past five last years.

The data also showed that London and the Bay Area are the top two fintech (financial technology) hubs, receiving more investment than any other city in the world, including New York and Singapore.

Ruth Porat, senior vice president and chief financial officer of Google and Alphabet, said Google was “committed” to growth in London, adding: “Google shares the mayor’s belief in the power of technology to drive sustainable economic growth. , and we look forward to continuing to deepen our connection to the capital in the years to come.

Mr Khan met Hillary Clinton, current New York Mayor Eric Adams, and her former boss Michael Bloomberg on Monday at the start of the trip before heading to San Francisco around 10:30 p.m. (6:30 a.m. BST) for the West Coast leg. to visit.

On the next part of his trade mission, the mayor will travel to Los Angeles to discuss export opportunities for London’s creative tech companies.

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