Keir Starmer Hosts UK Investment Summit to Attract Over £50 Billion in AI, Life Sciences

Oct 14, 2024, 09:10 AM

The UK is hosting an International Investment Summit in London, led by Prime Minister Keir Starmer, to attract significant foreign investment. The summit aims to secure over £50 billion in investments, focusing on sectors such as AI, life sciences, and infrastructure. Key announcements include a £1.1 billion investment in Stansted Airport by Manchester Airport Group and a $1.5 billion investment by ServiceNow to localize AI data processing in the UK. The summit also features commitments from global tech firms like CyrusOne, CloudHQ, and CoreWeave, totaling £6.3 billion for UK data centers. Starmer emphasized the need for economic growth, regulatory reform, and long-term stability to make Britain an attractive investment destination. Over 300 global firms are attending, and Starmer highlighted the importance of improving public services and workers rights as part of his growth strategy.