According to the UK government, the new investments will create 12,000 jobs. jobs in the nation’s most innovative sectors, including technology, life sciences, renewable energy, housing and infrastructure.
“Today’s investment (…) is a huge vote of confidence in the future of the UK economy,” Sunaks said in a statement before the start of the event at Hampton Court Palace, near London.
“Attracting global investment is central to my economic growth plan,” he added.
Among the investments announced on Monday – 10 billion. £11.5bn (€11.5bn) over the next four years from Australian fund IFM Investors for large-scale infrastructure and energy transformation projects.
Spanish energy company Iberdrola has announced a 7 billion £8.07bn (€8.07bn) in funding for offshore wind infrastructure, while US tech giant Microsoft plans to invest £2.5bn. £2.9bn (€2.9bn) in artificial intelligence (AI) infrastructure, including data centres.
Germany’s BioNTech Laboratories will invest about 1 billion over 10 years. £1.15bn (€1.15bn) to expand its research and application activities by establishing a new laboratory in Cambridge and an AI Center of Excellence in London.
In addition, Japanese car giant Nissan announced on Friday that it will allocate up to 2 billion pounds sterling (2.3 billion euros) to develop two new electric car models in the UK and an additional factory to produce batteries.
In last week’s budget, UK Finance Minister Jeremy Hunt predicted £4.5bn. £5.2bn (€5.2bn) of support for strategic industrial sectors including automotive, aerospace, green energy and life sciences.
This is the second time this summit has been held. It took place for the first time in 2021.
The event was opened by R. Sunaks and UK Business and Trade Secretary Kemi Badenoch, and was attended by company leaders, including Stephen Schwarzman from Blackstone, Amanda Blank from Aviva, David Soloman (David Soloman) from Goldman Sachs and Jamie Dimon (Jamie Dimon) from JP Morgan Chase.
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2024-08-31 09:46:08
