Germany’s most valuable business invests in Brexit Britain

Germany’s largest business by market cap, SAP, has announced its intention to invest £250m in Brexit Britain, opening two new offices in London and Manchester later this year with the potential to create thousands more jobs.

The German multinational software company is set to launch a new, UK-based cloud service and plans to add to its 2,500-strong UK workforce with new office space in both the central London skyscraper ‘The Scalpel’ and a new base at the Alderley Park science campus in Cheshire.

The vote of confidence in Britain will also see the software giant upgrade its apprenticeship and internship programmes with 250 interns expected to come through the doors over the next few years.

The multinational’s UK head, Michiel Verhoeven revealed that its expansion will result in “hundreds, if not thousands” of new jobs being created across the company.

Scott Russell, executive board member, customer success at SAP, said: “The UK is a critically strategic market for SAP, and with its highly successful vaccine roll-out, it has an increasingly positive outlook for the years ahead.

“We are incredibly excited about this commitment, which will bring new services to market for our customers, greater support for social enterprises, as well as an even better working environment for our colleagues and new talent.”

Matt Warman, the digital infrastructure minister, said: “It’s great to see SAP demonstrating its commitment to the UK and investing heavily to create new jobs and helping ensure long-term digital prosperity is evenly spread across the entire country. 

“Tech is at the heart of our plans to power Britain’s recovery at full speed out of the pandemic and we are backing the sector with world-class infrastructure and skills training to make sure the UK is the best place to start and grow a digital business.”