According to a statement from the British government, Prime Minister Rishi Sunak announced at the Global Investment Summit at Hampton Court Palace in London that the private sector will be investing 29.5 billion pounds in new projects across the UK. A-list CEOs and investors from around the globe supported some of the UK’s innovative and rapidly expanding industries on Monday when they arrived at the Global Investment Summit. Projects in the fields of technology, life sciences, infrastructure, housing, and renewable energy have been granted funding.
More than 12,000 jobs have been created from just the new investments, the statement by Sunak’s 10 Downing Street read.
This follows the government’s new 4.5 billion pound Advanced Manufacturing Plan, a 2 billion pound investment from car manufacturer, Nissan will secure thousands of jobs in Sunderland (North-East England), and a new Investment Zone in the North East which will create 4,000 jobs.
Sunak on his X page, formerly Twitter shared, “This investment is a huge vote of confidence in our automotive industry. And it secures Sunderland’s future as the UK’s Silicon Valley for electric vehicle innovation and manufacturing. We’ll back businesses like @Nissan every step of the way”.