Ascending to power off the back of a surging election victory in July, the new UK government has great expectations to live up to.
Investment and innovation appear to be front and centre of Keir Starmer’s plan to kickstart the economy. Just as his prime ministerial predecessor Rishi Sunak courted international funding for UK tech businesses, Starmer similarly understands the importance of attracting billions in capital to maintain the UK’s reputation as Europe’s top science and technology ecosystem, and to reestablish economic growth.
Alongside Chancellor Rachel Reeves, Starmer has already announced a new National Wealth Fund, “to catalyse investment in our world-leading green and growth industries” backed by £7.3B of public investment. This will include £1.8B of funding to ports, £1.5B for gigafactories, £2.5B for clean steel, £1B for carbon capture, and £500M to green hydrogen.
Yesterday, the UK hosted the International Investment Summit, a meeting of minds and money to firmly set out the UK’s stall for investment, and to reassert that it is…
