Online streaming service Spotify has opened a new research and development centre in London which it said will create nearly 300 new jobs.

The Swedish company, listed on the New York stock exchange from 2018, is valued at $35bn and boasts 4,000 staff. Spotify said 550 people would be based in its new London office, an increase from its current 260 current roles, according to the Telegraph.

The new research and development centre joins the company’s existing hubs in Stockholm and Gothenburg in Sweden, and New York, San Francisco, and Boston.

This will be the company’s first attempt to tap into London’s tech talent as it makes new hires across its tech offering in engineering, product, design, data, research, and insights.

It has also advertised for London-based 'Editors', responsible for curating playlists in specific genres.

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The team will be based in London’s Adelphi Building, near the Strand.

“The UK is famous all over the world for the musical talent that originates here and the strength of the music industry here,” said Tom Connaughton, MD of Spotify UK.

“As one of Spotify’s biggest markets, it makes perfect sense to expand our team here, and to tap into the large and diverse talent pool to be found in London.”

 The Mayor of London, Sadiq Khan, added: “London is the best place in Europe for tech companies to find a wealth of diverse talent. Spotify’s expansion is a further sign that London is open to ground-breaking technology.”