Google's plans to open a new headquarters in London and create 3,000 new jobs in the U.K. by 2020 has been well received by the country's tech sector and signals a sign of confidence, according to industry insiders.
The plans, revealed by Chief Exec Sundar Pichai to the BBC on Monday, equated to around a £1 billion ($1.25 billion) investment. Dennis Jones, CEO at mobile payments firm Judopay, said it was no surprise that Google is making such a large investment.
"It has fingers in many pies, with consumers now using Google Chromebooks to access Google Maps to find directions to a location they researched on Google Search. It's not long until they may use a Google self-driving car to get to their destination," he told CNBC via email.
"At a time when some businesses are hesitant to invest, we – and Google – know that the path to growth is investing in the technology and talent of tomorrow."