Facebook will open a office in London and have pledged to hire 800 new staff over the next year.
The seven-storey building in central London will be it’s largest computer engineering base outside of the United States.
Facebook’s new office will be in Rathbone Place, off Oxford Street, and has been designed by Frank Gehry.
Staff will include developers, sales and part of Facebook’s Oculus virtual reality team.
It will also house a incubator space specifically for start-ups, called LDN-LAB, with UK businesses invited to take part in three month programmes to help launch.
According to a spokesperson for LDN-LAB, Facebook will not take equity in the companies but would instead share “expertise and mentorship”.
LDN-LAB would be looking for companies dedicated to Facebook’s mission of “building communities”.
Nicola Mendelsohn, Facebook’s vice-president for Europe, the Middle East and Africa said:
“Today’s announcements show that Facebook is more committed than ever to the UK and in supporting the growth of the country’s innovative start-ups,”
“This country has been a huge part of Facebook’s story over the past decade.”
Philip Hammond, the Chancellor, said: “The UK is not only the best place to start a new business, it’s also the best place to grow one.
It’s a sign of confidence in our country that innovative companies like Facebook invest here, and it’s terrific news that they will be hiring 800 more highly skilled workers next year.”
Sadiq Khan, Mayor of London, added: “The launch of the company’s incubator is set to play a crucial role in attracting vital talent to London, and will help to pave the way for the next generation of successful startups.”
The new office means the total number of staff working for Facebook in the UK will now creep over 2,300.