Rishi Sunak has announced over £29 billion in investment in the United Kingdom ahead of a key conference.
Today, Prime Minister and Business Secretary Kemi Badenoch will host more than 200 top CEOs at Hampton Court Palace for the Global Investment Summit.
Mr Sunak praised the multibillion-dollar capital investment in creative areas for making Britain a top corporate destination, adding that it is key to his growth strategy.
He said: “Today’s investments, worth more than £29 billion, will create thousands of new jobs and are a huge vote of confidence in the future of the UK economy.
“Global CEOs are right to back Britain – we are making this the best place in the world to invest and do business.
“From giving businesses the biggest tax cut in recent history last week, to our culture of innovation and thriving universities producing some of the finest minds in the world, ours is truly a nation of opportunity.
“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.”
Ms Badenoch added that the £29.5 billion pledged is “yet another huge vote of confidence in our dynamic, pro-business and highly innovative economy and proves that our plan for growth is working”.
She said: “The numbers speak for themselves: we have the third highest levels of inward investment in the world at $2.7 trillion, we’re number one in Europe for new investment projects, and last year alone we created 107,000 jobs through inward investment.
The £29.5 billion is triple the sum raised at the last global investment gathering in 2021.