Huawei has invested £1.3bn in the UK and is almost doubling its workforce during the next five years.
The Chinese manufacturer currently employs 800 people in the UK but it is bidding to swell its headcount to more than 1,500 by 2017. During this five-year period, it will invest £650m and spend another £650m on procurement. The cash will be spent on a number of 'global centres of technical and financial excellence in the UK'.
Huawei founder and CEO Ren Zhengfei said: 'The UK is one of the most important European markets in which Huawei has invested. Over the past 11 years we have found its Government to be transparent, efficient and practical. The UK is an open market, which welcomes overseas investment, I am therefore very pleased today, to be announcing the US$2bn investment and procurement plan, promoting the development of openness and free trade.'
He added: ‘The UK is a centre of innovation, has a highly skilled workforce, and is respected internationally for the quality of its legal and educational systems. It is for these reasons we have selected the UK as the location for a number of our centres of excellence. I would like to thank our UK customers and partners, as well as the British Government, for their continued support.'
Prime Minister David Cameron, who met with Zhengfei today, said: 'The investment announced by Huawei today demonstrates once again that the UK is open for business. I welcome this and I want to see more companies invest in the UK as we work to achieve sustainable and balanced growth within our economy. The British Government values the important relationship with China, both countries have much to offer each other and the business environment we are creating in the UK allows us to maximise this potential.'
Editor: Graeme Neill