show image

Huawei announces £3bn commitment to the UK in boost for exports

Chinese telecoms giant Huawei has pledged to procure a total of £3bn in the UK over the next five years, in a boost for British exports to China.

The announcement was made after Huawei’s chairwoman Sun Yafang reiterated the company’s commitment to the UK in a meeting with Theresa May in Beijing last week.

May welcomed the move and said that thanks to “the drive and innovation of UK business”, trade between the two countries was “already at record levels”.

International trade secretary Liam Fox said Huawei’s commitment was a vote of confidence in the UK’s tech industry.

Huawei also revealed that it had invested and procured £2bn in the UK between 2013 and 2017 and now employed more than 1,500 people across 15 offices in the UK.

Yafang said the company valued long-term partnerships: “The UK was one of the first international markets we entered, when we opened our first office there in 2001. We have now been working with our major customers in the UK for more than twelve years, helping to build a better connected UK.

“Over the coming years we look forward to continuing to collaborate with our customers and partners to help keep the UK at the very forefront of the digital age.”