Cisco Systems says it is to invest $1 billion in UK digital growth over the next three to five years.
The commitment will include venture capital equity of $150 million for UK startups. The company will extend its NetAcademy alongside other investments in education, it said in an emailed release.
Cisco also plans to create 250 new jobs in the central London area by the end of the year, it said.
The network-equipment maker has often sought large, multifaceted partnerships with governments that are seeking to make better use of the Internet and build up their domestic technology industries.
Through such alliances, San Jose, California-based Cisco is able to get its products in front of key government buyers and also obtain early access to promising new technologies.
Cisco signed a similar agreement in February with France.
Bloomberg