Facebook has today opened a new London office and startup incubator, creating 800 new UK tech jobs.
Located in Rathbone Place, just off Oxford Street, the building is now home to Facebook’s biggest engineering hub outside the US. The total number of Facebook staff in the UK now exceeds 2,300.
The office is home to Facebook’s new in-house startup incubator, LDN_LAB, which will invite British-based startups to take part in three-month long residencies. Facebook engineers, and partnerships and product experts will be on hand to mentor the young businesses.
Mayor of London Sadiq Khan said: “The launch of the company’s incubator is set to play a crucial role in attracting vital talent to London, and will help to pave the way for the next generation of successful startups.”
Chancellor Philip Hammond added that the choice to locate the new hub in London is “a sign of confidence in our country that innovative companies like Facebook invest here, and it’s terrific news that they will be hiring 800 more highly skilled workers next year”.
The opening follows news that Facebook has agreed to pay tax on British ad revenue in the UK, which is likely to increase the tech giant’s corporation tax next year. The company has come under fire in recent months following accusations of legal tax evasion.
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