Facebook aiming to boost UK economy with new London office

Facebook plans to open a new office in London as part of the social networking company’s plans to grow its business and boost the UK economy.

The company’s new office will span two buildings in London’s King Cross, taking up nearly 600,000 square feet of space and providing enough room for over 6,000 workstations.

Confidence

While Facebook did not reveal how many jobs the new office will create, the company is looking to boost the number of jobs in the UK by employing 2,300 people by the end of 2018.

The move shows that the social networking company continues to have confidence in Britain, despite uncertainties caused by the UK’s upcoming exit from the European Union. The company opened its first office in London in 2007 and created 800 jobs in the city in 2017.

Steve Hatch, managing director for Northern Europe, said that the news of Facebook’s new office reflects the company’s commitment to the UK and its desire to grow its business and the UK economy.

The new office will be located close to other major tech companies, including Google and YouTube, transforming the area into one of London’s major silicon clusters.

Commitment

London Mayor Sadiq Khan welcomed the news of Facebook’s new London office and the company’s commitment to the UK, stating: “This investment is great news. We welcome Facebook’s long-term commitment, which is further evidence that London is open for business and a world-leading destination for major tech companies.”