The Mayor of London is opening a new office in China… Not London?

The Mayor of London, Sadiq Khan, has announced that he is planning on increasing his efforts to ensure that London remains the best venue in the world for business in the wake of Brexit by opening up new overseas offices in six key cities.

The Mayor of London, Sadiq Khan. [File photo: VCG]

The Mayor’s business and investment promotional agency, London & Partners, are planning significantly increase its overseas presence in the continuing drive to attract investment into the capital after Britain leaves the EU – and to ensure that jobs and growth for Londoners are retained.

London & Partners currently have offices in San Francisco, Los Angeles, New York, Mumbai, Shanghai and Beijing, building and maintaining relationships with entrepreneurs, start-ups, potential and existing investors.

The network will now be boosted by new offices in Paris, Berlin, Bangalore, Shenzhen, Chicago and Toronto as well as extra staff in the existing San Francisco office. The new sites represent some of the most important markets for foreign direct investment (FDI) into London.

London continues to be a leading centre for foreign businesses looking to expand, despite some companies delaying investment in the wake of the Brexit referendum result. In the last 18 months the capital has attracted significant investment from some of the biggest businesses in the world, including Google, Facebook and Apple.

The Mayor of London, Sadiq Khan, said: “London remains a globally competitive city and I am committed to promoting the city internationally post-Brexit.

“Now, more than ever, we must have people on the ground engaging with businesses all over the world, including in Europe where historically there has been a relaxed approach to managing relationships.

“London & Partners will soon have more people closer to key decision makers, speaking to both existing and potential new investors to bang the drum for London as the best city in the world to do business.”