The UK government has announced that deals worth nearly £10bn have been secured as part of the Global Investment Summit.
With a significant focus on green investments such as wind and hydrogen power, plus developing sustainable housing and carbon capture & storage technology, the £9.7bn of investments are designed to put the UK at the forefront of the green revolution ahead of the COP26 discussions next month.
“The world’s top investors have seen the massive potential in the UK for growth and innovation in the industries of the future,” said Prime Minister Boris Johnson. “This is just the start. We will see new partnerships for green growth forged at today’s Global Investment Summit, as we look ahead to COP26 and beyond.”
Chancellor Rishi Sunak welcomed the efforts to invest in new technologies during his speech to the summit, adding that the government will continue to support long-term investment in the energy transition.
“We’ve already established the UK Infrastructure Bank to partner with you on new green projects,” he told delegates at the event.