UK Prepares to Showcase Investment Opportunities

Global investors are confirming their attendance at the UK’s International Investment Summit on October 14, following meetings with Chancellor Rachel Reeves. During her visit to New York, Reeves secured commitments from the CEOs of BNY Mellon, Blackstone, and CyrusOne, reinforcing the message that Britain is open for business.

Reeves highlighted the UK’s strengths, including its top-tier education system, a leading position in global innovation, and a $1 trillion tech sector—the largest in Europe. She emphasised the government’s commitment to economic stability and growth-led reforms aimed at making the UK an attractive destination for global investors.

As part of her North American tour, Reeves also announced a new government initiative to promote the development of data centres across the UK, aimed at boosting economic growth and job creation. The Deputy Prime Minister is currently reviewing two planning applications for data centres in Buckinghamshire and Hertfordshire, reflecting the government’s focus on the economic benefits of such developments.

Data centres, which are critical to the digital economy, generate an estimated £4.6 billion annually and employ around 17,000 people in the UK. The government’s push to expand this sector is seen as vital to supporting the growing demand for cloud-based services and the rollout of 5G.

In Toronto, Reeves will meet with Mark Carney to discuss the National Wealth Fund (NWF), a £7.3 billion public investment initiative aimed at catalysing private investment in green and growth industries. The NWF will be a key element of Britain’s pitch at the upcoming summit, showcasing the UK as a prime location for global investment.

Reeves and Business and Trade Secretary Jonathan Reynolds underscored the importance of the summit in reaffirming the UK’s position on the global stage and building long-term investor relationships.