CITY DESK

US firms have lead the pack of international companies investing in London with 2739 new jobs created, with Indian companies creating 825 new jobs in London in the year to March, according to a report by Think London.

Foreign companies have invested £710 million to the economy in London creating in total 6152 new jobs, two thirds more than in the same period in 2006-2007. 

Over a quarter of the companies investing in London were technology based, LinkdIN, Nokia all establishing a significant presence in London.

According to Think London more interest from Japan has been recorded to establish a presence in the square mile or in central London generally.

Speaking to the FT Michael Charlton the chief executive of Think London said that "some of the Japanese companies are well funded and do not need their investment through debt, they see the current climate as an opportunity for them".

The credit crunch has not as yet affected investment into London, but analysts are expecting as has been confirmed by companies like WPP that 2009 will be the year that will see a slow down in the economy.