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Spotify is the most recent tech company to invest in London after Brexit with new plans regarding expansion.
The streaming giant which is anticipated to go public soon is set to double its current 200 staff in the United Kingdom over the next two years with a major concentration on research and development.
London will become a “major hub” for research and development and other parts of the business, especially with regards to boosting the revenue-generating subscriptions of the company.
“London has made the decision of where to grow our next R&D hub an extremely easy one. It has a vibrant start-up community, and a wealth of great tech talent, making it the perfect location in which to build out our talented R&D team,” said the vice president of product for Spotify, Jason Richman.
Engineering, machine learning and data will be the first areas for hiring, along with product, design and insights to follow.
It is a much-needed seal of approval for the capital as one of the world’s leading tech hub and its ability to attract talent after the United Kingdom leaves the European Union.
Apple, Google, Facebook, and Snap are among the tech giants of the Silicon Valley which said that they would continue investing in their business in the United Kingdom.
“Spotify is the latest in a long line of companies who realise that London simply cannot be beaten for innovation, with a deep pool of tech talent and a complex business ecosystem that can’t be replicated anywhere else,” stated Sadiq Khan, the mayor of London.