Official UK government employment reports and press releases

UK Secures £63 Billion and 38,000 Jobs at Starmer's International Investment Summit

Oct 14, 2024, 09:45 AM

The UK government, led by Prime Minister Keir Starmer, has launched a new Industrial Strategy and hosted the International Investment Summit in London. The summit, aimed at attracting significant foreign investment, has secured over £63 billion in deals and is projected to create nearly 38,000 jobs. Key sectors benefiting from the investments include AI, life sciences, and infrastructure. Notable announcements include a £1.1 billion investment in Stansted Airport, expected to generate 5,000 jobs, and a doubling of Iberdrola's investment to £24 billion over four years. The event underscores the government's commitment to economic growth and stability, with Starmer emphasizing the need for high-quality, long-term investments and a new partnership with businesses. Despite the absence of Elon Musk, the summit has been hailed as a success in boosting investor confidence in the UK economy. Additionally, Starmer defended his workers rights reforms as 'pro-growth,' and former Google CEO Eric Schmidt praised the government's growth plans while criticizing regulatory delays.