Following the announcement of a whopping £63 billion in investment during today’s International Investment Summit, around 38,000 new jobs are expected to be created nationwide.

• Over twice the amount obtained at the 2023 Global Investment Summit, a total of £63 billion in private investment was committed at the International Investment Summit.

• Today’s new investments include £6.3 billion for world-class Imperial College London university and UK data centres.

• About 38,000 new jobs will be created in the UK by innovative investment projects in health sciences, renewable energy, and infrastructure that have been launched in the previous month.

A total of £63 billion in investment was announced in conjunction with today’s International Investment Summit, propelling growth and innovation throughout the nation and expected to generate around 38,000 new employment in the UK.

With partnerships spanning the infrastructure and technology sectors, the record-breaking total amount more than doubles the £29.5 billion committed at the previous year’s Global Investment Summit. Among the new investments announced today are over a billion pounds from DP World, Associated British Ports (ABP), and Imperial College London.

Tens of billions of pounds in fresh investment are being drawn to the UK through serious, stable governance, which is essential to the government’s overarching goal of achieving economic development. The historic number of today shows that companies are confident in Britain as a location for investment.

The investments come as the new government moved quickly to restructure planning, concentrate on the development of AI and data centres, and make a firm commitment to achieving net zero by nearly tripling financing for renewable energy projects.

Today, four significant American tech companies announced investing £6.3 billion in UK data centres, a move that will significantly boost the country’s AI capabilities and accelerate the advancement of AI. Data centres house the enormous volumes of data and information required to power AI as well as the data that AI generates to maintain system functionality.

Today, prestigious UK university Imperial College London also revealed plans to invest £150 million to build a new research and development campus in West London, adding to its quickly growing deep tech ecosystem. By increasing scale-up capability in the WestTech Corridor, the new campus will boost investment, economic growth, and job creation while bolstering the UK’s innovation economy.

Business and Trade Secretary Jonathan Reynolds said:

Without a question, this new administration in Britain makes it the best place in the world to do business, even for international investors. The historic amount of investment secured at today’s summit is a significant vote of confidence in the UK and its stability dividend in both innovation and industry.

With these investments and our upcoming Industrial Strategy, we will provide global firms with the certainty they need as we lead the way in innovation and future jobs. We are committed to delivering economic prosperity throughout the United Kingdom.

The following is an inventory of all the investments that were declared before to and during today’s International Investment Summit:

• Over the following four years, Iberdrola plans to increase its investment in the UK through Scottish Power by double, from £12 billion to £24 billion. This includes the £4 billion allocated by this Government at the most recent wind auction round for the East Anglia 2 wind farm off the coast of Suffolk. Ignacio Galan CBE, Executive Chairman of Iberdrola, reaffirmed on Friday that the UK has emerged as their top investment target.

• Blackstone announced that it will invest £10 billion in Blyth, Northumberland to build one of the biggest artificial intelligence data centres in Europe. The project will produce 4,000 jobs total, with 1,200 of those jobs being directly related to site development.

• The £8 billion investment that Amazon Web Services announced last month is expected to sustain 14,000 jobs annually at local firms, including those in the construction, facilities, maintenance, engineering, and telecommunications sectors of the company’s data centre supply chain.

• In order to increase the capacity and resilience of UK trade with Europe, Associated British Ports (ABP), the largest port operator in the UK, and Stena Line have announced a joint investment of more than £200+ million on a new goods ferry terminal at the Port of Immingham. About 700 jobs are anticipated to be created during construction, and 200 permanent employment after it is operational.

• Planning approval has been granted to Haleon for the construction of a new £130 million Global Oral Health Innovation Centre in Weybridge, Surrey. This cutting-edge facility will mainly help Haleon’s worldwide oral health business by creating new products that improve the general health of consumers.