London’s Record‑Breaking Investment Wave 2024
It’s raining money over the Big Smoke! Mayor Sadiq Khan just announced that London has pulled in over £100 million of fresh investment in the first ten months of 2024—thriving while the rest of the world is still trying to find its footing.
Tech Titans Set Sail for London
During a recent New York stop‑over, Sadiq rubbed elbows with three high‑tech giants who’re now planning bigger plays in London:
- Mphasis – The Indian IT powerhouse that opened a London office in September and is already looking to double its UK business in the next three years.
- Constant Contact – The digital marketing platform that powers millions of small biz and non‑profits worldwide. They’re expected to launch officially in the UK soon.
- MoonPay – A fintech company building crypto payment infrastructure, forging a partnership with London & Partners to expand their footprint.
London & Partners Drives the Momentum
Under the mayor’s leadership, London & Partners has acted as the city’s growth agency. In the last five years, it has helped 543 companies from China, Europe, India, and the U.S. create nearly 10,000 jobs in tech, life sciences, and green sectors.
Key Deal Highlights so Far
- Recursion – A U.S. biotech firm using machine learning and robotics, opening a new office in King’s Cross’s “Knowledge Quarter.”
- Microsoft and Google DeepMind continue to be heavy hitters in London’s fast‑growing life‑sciences scene.
Mayor’s Growth Blueprint
One of Sadiq’s top priorities is the new London Growth Plan, aiming to create over 150,000 good jobs by 2028 and lift living standards. Key pillars include:
- £380 million a year invested in skills, careers, and employment to help Londoners climb the ladder.
- Grow London Local – a free, on‑ground service giving small businesses the in‑person and digital support they need.
- A robust push for a green transition to keep London ahead in climate tech.
London’s Rally with the New Government
The International Investment Summit is a prime moment for mayors and national leaders to join forces. Sadiq is committed to working hand‑in‑hand with the new government, promoting London as the top destination for investors and entrepreneurs.
“London is open: open to business, open to investment, and open to new and fruitful partnerships,” declared the mayor.
“We’re fighting for every win,” said Laura Citron OBE, CEO of London & Partners—“and that’s why we’re bucking the global trend with record investment levels—even in a tough market.
Business Secretary Jonathan Reynolds praised the city’s achievements, noting these deals are “the jewel in the crown” of a pro‑growth, pro‑worker economy.
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