How much?
£150bn being invested into clean energy, life sciences, and advanced manufacturing.
How many jobs?
The new investment is expected to create over 7600 jobs across the UK
What’s being said?
Business and Trade Secretary Peter Kyle said, “working closely with the US strengthens our global position and delivers real results for British businesses.”
Prime Minister Keir Starmer said, “These investments are a testament to Britain’s economic strength and a bold signal that our country is open, ambitious, and ready to lead. “
Where’s the money coming from?
£100 billion investment pledge from Blackstone over the next decade into the UK.
Blackstone is a US private equity giant. It jointly owns Legoland’s parent company, as well as being one of the most high-volume investors in British companies. Blackstone also owns extensive amounts of real estate in the UK
£3.9 billion investment from Prologis
Prologis are an investment firm with current investments in Cambridge Biomedical Campus and Daventry International Rail Freight Terminal. They are expected to strengthen and develop both sites, creating numerous jobs in the area.
Palantir to invest up to £1.5 billion
Palantir is a technology company that develops software platforms for data analysis and artificial intelligence. It has vowed to create up to 350 jobs and make the UK a defence innovation leader.
£150 million investment from Amentum.
Amentum is a global advanced engineering provider, it offers services in areas such as defence, intelligence, space, energy and environment.
Boeing will be converting two 737 aircraft in Birmingham for the US Air Force, creating 150 high-skilled jobs.
£37 million committed by US company STAX Engineering.
STAX is a maritime technology company looking to expand its port operations to reduce UK port emissions.
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For more information on the recent US investment pledge, visit the UK Government website here.