Today, Adobe, a software company that is based in the United States of America, announced that it is set to invest £63.5 million in its operations in the United Kingdom. It will also increase its workforce by more than 20 percent over the next three years.
The investment is the most recent expansion of the software giant in the United Kingdom. It has grown its workforce in Britain by 30 percent in the past two years.
The ministers from the Department for International Trade and Department for Digital, Culture, Media, and Sport (DCMS) hosted industry leaders including Adobe at a Creative Investor Roundtable that was held today. They discussed the strengths of the United Kingdom as a creative hub and Britain’s unique offer in the creative sector.
It was hosted at 10 Downing Street and is the fifth event in a series of investment roundtables which promote the industry sector opportunities of the United Kingdom to a global audience and encourage foreign direct investment into the country.
The Department for International Trade (DIT) said that the injection will benefit many creative businesses that currently make use of the software of the company. It also said that it will help in improving economic growth.
Gavin Mee, the vice president for northern Europe of Adobe, stated: “Adobe is the global leader in creativity, providing the creative platform for all, and the UK is a critical market for our business growth and innovation.”
He added: “Recently, we’ve grown our workforce, opened a new office in Shoreditch, and we are committed to furthering our investment in the UK and the impact it will drive across the economy.”
The figures that were released last Wednesday revealed that the value of the creative industries of the country increased to £101.5 billion during the previous year. It grew almost twice the rate of the economy in the United Kingdom.
The secretary of state for Digital, Culture, Media, and Sport, Jeremy Wright, stated: “We are already Europe’s leading tech hub, with the talent, environment and entrepreneurship that businesses want, so it is great to see Adobe creating even more high-skilled jobs and investing here.”
Currently, Adobe has offices that are located in Maidenhead, Edinburgh, and Shoreditch.