Australian investors commit £28.5bn in major economic boost for UK

Williams Advanced Engineering Fortescue Truck

Leading Australian businesses have announced major new investments totalling £28.5 billion in projects across the United Kingdom.

The announcements follow from the Global Investment Summit hosted by the Prime Minister last October and the creation of the new Office for Investment.

New investments announced today include global green renewable energy company Fortescue Future Industries’ (FFI) plans to create up to 1,000 new jobs at Williams Advanced Engineering in Oxford, which they acquired in March. The investment will support decarbonisation initiatives and build on the UK’s excellence in engineering.

Other investments include

  • Top Australian financial services firm Macquarie Group plans to support £12bn of investment by 2030 in infrastructure projects across the UK, including in offshore wind in Lincolnshire and north Scotland, gigabit broadband in rural England and hydrogen hubs in Southampton and Orkney. Macquarie Group has supported more than £50bn of investment in the UK in the last 15 years, backing half of the country’s existing offshore wind capacity.
  • Pension fund AustralianSuper forecasts a further £8bn in investments across the UK over the next five years. Among other projects, the funding will support a joint venture with British Land to develop their Canada Water master plan, estimated at £5bn in value on completion.
  • Real estate and investment group Lendlease and its partners plan to deliver £5.5bn of investment across its major regeneration projects in London and Birmingham over the next five years, subject to planning permission. This investment is expected to deliver thousands of new low carbon homes, training and employment opportunities for local communities.
  • IFM Investors intend to deliver £3bn in investment into the UK over five years. The funding will help maintain existing assets, including the M6 toll and Manchester, Stansted and East Midlands airports, and its new net zero fund will support large-scale infrastructure energy transition projects – including in electrification, carbon capture and solar power.
  • Energy, chemicals and natural resources experts Worley will expand their UK operations, supporting the energy transition and drive for NetZero creating over 1,000 highly-skilled professional jobs in the next 18 months in areas including Humberside, Manchester, Leeds, Glasgow and Aberdeen.

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