Brexit Boom: New Tech Hub, Massive Investments, and Thousands of Jobs Coming to Britain


Britain’s economy appears to be going from strength to strength following the Brexit vote, with Dyson announcing a significant new tech hub, travel agent Expedia doubling its workforce, proposals to create thousands of jobs in Belfast, and the prospect of a billion-pound Chinese property investment in the City of London.

This is Money reports the Dyson, Expedia, and Chinese investment triple-whammy should bring thousands of new jobs to the United Kingdom.

The news follows reports of rising confidence at British factories, aerospace giant Boeing bringing its first European plant to the UK, and supercar manufacturer McLaren establishing a chassis facility in Yorkshire.

Dyson, which has already invested £250 million in its existing Wiltshire site, will establish its new 517-acre campus on the site of the old RAF Hullavington base, increasing its UK presence tenfold.

Dyson’s new hub will include a brand new university, the Dyson Institute of Engineering and Technology. Owner Sir James Dyson – who campaigned for Brexit – says the new facilities will allow the company to create “world-class products and jobs right here in the Cotswolds”.

Travel website Expedia, meanwhile, will be doubling its office space in London, which will allow it to also double its workforce, to some 2,800.

Also in London, Chinese property tycoon Cheung Chung Kiu is said to be in “advanced discussions” with British Land and Oxford Properties to purchase the 735-foot Leadenhall Building in the City of London.

If the £1 billion purchase goes ahead, it will be the biggest property sale in the UK since 2014.

There was even more good news in Northern Ireland, where a proposed £400 million regeneration of Belfast’s Sirocco Quays, including a hotel, restaurants, retail space, and 815 homes, could create more than 5,000 new jobs.

John Longworth, the former Director-General of the British Chambers of Commerce who co-chairs the Leave Means Leave campaign, welcomed all the positive developments, declaring that “investment in the UK is a vote of confidence in Brexit Britain”.

The good news stands as a sharp rebuke to both the Remain resistance and the establishment forecasters who predicted disaster immediately prior to the Brexit referendum, when the George Osborne-led Treasury predicted an “immediate and profound shock” to the British economy in the event of a Leave vote.

Follow Jack Montgomery on Twitter: @JackBMontgomery