Proactive Investors - Prime minister Rishi Sunak is expected to unveil billions of pounds worth of investment pledges from international companies which will create some 12,000 jobs in the UK.
During Monday’s Global Investment Summit at London’s Hampton Court Palace, Sunak will highlight nearly £30 billion worth of long-term pledges from major international firms, according to reports.
These will be in areas such as technology, life sciences, housing and renewable energy, with the announcement of promised funds coming just days after chancellor Jeremy Hunt preached fuelling growth during the autumn statement.
“Today’s investments [...] will create thousands of new jobs and are a huge vote of confidence in the future of the UK economy,” Sunak will say.
"Attracting global investment is at the heart of my plan for growing the economy.
“With new funding pouring into key industries like clean energy, life sciences and advanced technology, inward investment is creating high-quality new jobs and driving growth right across the country.”
Companies such as Australian infrastructure investor IFM, Scottish Power-owner Iberdrola (BME:IBE) and Microsoft Corporation (NASDAQ:MSFT) are among those said to have promised billions in funding.
This includes spending on artificial intelligence (AI) infrastructure and data centres from the latter, with Hunt having vowed co-funding for the sector last week.
Hundreds of executives will attend the conference meanwhile, including from investment and banking giant’s like Blackstone (NYSE:BX), Goldman Sachs (NYSE:GS) and JPMorgan Chase & Co (NYSE:JPM).