Billion dollar tech business sets up innovation hub in London

London as a global tech capital remains "open for business" despite concerns that the Brexit vote would deter US technology companies from basing their European operations in the UK. The billion dollar US computer tech startup, Pivotal, opened its London office this week, describing the capital as “one of the world’s most important financial epicentres for centuries”. The company plans to have 200 employees in its London office by 2017.

The launch of Pivotal’s new UK innovation hub in London comes as London Mayor Sadiq Khan sets off on a trade mission to the US and Canada, with the aim of promoting the capital as being "open for business”.

Commenting on the launch, Matt Hancock, Minister of State for Digital and Culture says: “We have worked hard to make the UK a vibrant, exciting and profitable place for tech businesses to locate and grow– and it's fantastic to hear Pivotal has decided to expand its team here. This latest investment is another significant boost to our thriving tech sector and will be instrumental in helping UK businesses boost their digital capabilities.”

Being centrally located within walking distance of “silicon roundabout”, our technology business experts at Beavis Morgan work with many entrepreneurial businesses in the tech sector, helping them set up and run their own businesses and guiding them through each stage of the process, whilst navigating the challenges and advising them in making the right decisions both now and for the future.

We also understand that, whether you’re a start up or a well-established business, cash is king and managing its flow is crucial to your immediate and long-term success. That’s why our independent finance brokerage, BM Structured Finance, is readily available to assist startups source the right funding for their individual needs. And our research and development (R&D) tax credit specialists are on hand to maximise the value of any potential claim and manage the often complex process on your behalf.

If you would like to know more about how we can help you and your business, please contact Steve Govey or your usual Beavis Morgan Partner.