The PM has announced that world’s leading investors have committed £29.5bn in new UK projects and capital intended to lead to thousands of jobs being created across the UK.

Backing some of the fastest growing and most innovative sectors in the UK, the transformative investments have been secured for projects in tech, life sciences, infrastructure, housing and renewable energy – creating thousands of new jobs and driving growth across the country. 

The summit contributed to the levelling up agenda, with 12,000+ jobs being created from these investments, as well as a new £4.5 billion Advanced Manufacturing Plan, a £2 billion investment from Nissan creating thousands of jobs in Sunderland, and a new Investment Zone in the North East creating potentially 4,000 jobs.

Attracting global investment is said to be at the heart of Rishi Sunak’s plan for growing the economy. Last week’s Autumn Statement also confirmed that Freeport tax reliefs would be extended from five to 10 years, with new government data confirming that UK freeports have attracted nearly £2.9 billion of investment in just two years. 

In a huge boost for Net Zero and the UK’s world-leading renewables sector, Iberdrola have confirmed £7 billion of investment as part of a total £12 billion programme for 2024-28, with North Star, owned by Partners Group in Switzerland, also committing £500 million to offshore wind infrastructure.

Fellow portfolio company Gren has also recently acquired a network of waste and biomass assets, which play a key role in baseload energy production and reducing waste to landfill. The company plans to continue its investments in district heating and local energy systems to deliver affordable green energy. These projects come on the back of a significant increase in inward investment for renewables in the UK, rising from £19 billion in 2021 to £55 billion in 2022, with 11,500 jobs being created in the industry last year alone according to Government data. 

Paul Browne commented: With new funding for key industries like clean energy, life sciences and advanced technology, inward investment will continue to create new jobs and drive growth across the country.