The UK Government is to host a Global Investment Summit later this year, which will take place in London and Windsor Castle, Berkshire.
Hosted by the Prime Minister and supported by members of the Royal Family, the summit aims to galvanise foreign investment in the UK’s green industries of the future ahead of COP26 in November.
Taking place in October, the one-day meeting is expected to catalyse billions of pounds of investment by attracting hundreds of the world’s leading businesses and investment A-listers to London and Windsor Castle.
The summit will showcase the best of the UK’s clean technologies and innovative companies, highlight the Prime Minister’s 10-point plan for a green recovery, demonstrating how £12 billion of government investment is creating and supporting up to 250,000 highly-skilled green jobs in the UK, and spurring more three times as much private sector investment by 2030.
Minister for Investment, Gerry Grimstone, said: “The UK is one of the best investment destinations in the world and we are thrilled to be hosting a Global Investment Summit that will boost green investment, jobs and growth.
“Around the world, investors are looking to sustainability, whether that be in technology, real estate and construction, finance, automotive or energy. Individuals and businesses are heightening their interest in industries of the future, and there is no better place to invest than in the UK’s already vibrant clean and green industries.’
The summit builds on the success of the newly-established UK Office for Investment, which recently secured a landmark agreement between Abu Dhabi’s Mubadala Investment Company and the UK Government for a £1bn commitment to life sciences.
Foreign direct investment (FDI) stock levels reached £1.6 trillion by the end of 2019. Since 2017, FDI into the UK has created 189,710 jobs, including 3,513 in the renewable energy sector, according to government figures.
Earlier this month, government-led research showed exports supported 6.5m jobs across the UK, 74 per cent of which were outside London. The research estimated jobs directly and indirectly supported by exports paid around 7% higher than the national median, with Office for National Statistics estimating that goods exporting businesses are also 21% more productive.