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LONDON DAILY ARCHIVE

Salesforce Announces £3.2bn Investment in UK, Driven by Strong Demand for Customer Relationship Management Tools

Salesforce, a US software firm, has announced a £3.2bn investment in the UK over the next five years.

29 June 2023 · 23:39 UTC

The investment is driven by strong demand for the company's customer relationship management tools.

The investment follows a previous £2.2bn investment since 2018.

The company's statement highlights the growth in the UK's tech industry and the potential for AI innovation.

The investment is seen as a boost for the UK's tech industry, especially after Microsoft's criticism of the regulatory decision to block its takeover of Activision Blizzard.

The company is appealing the decision.

PM Rishi Sunak has welcomed the investment, stating that it will strengthen the UK's position and create vital jobs.

Zahra Bahrololoumi, who leads Salesforce in the UK and Ireland, emphasized the need for a pro-innovation regulatory framework for AI.