UK summit to attract top executives to boost investment by Investing.com

The UK government is to host its first international investment summit on October 14, which will be attended by senior executives from giants such as Google, Wave and Brookfield Asset Management, it was announced today. The event is aimed at boosting foreign direct investment and spurring economic growth, a key objective of Prime Minister Keir Starmer since his election in July.

Tesla CEO and X owner Elon Musk expressed his displeasure at not being invited to the summit last month. Despite this, the lineup includes notable speakers such as Ruth Porat, chairman and chief investment officer of Alphabet (NASDAQ:) and Google; Alex Kendall, CEO of Wave; and Bruce Platt, CEO of Brookfield Asset Management.

The summit attracted sponsorship from major financial institutions including Barclays, HSBC, Lloyds, M&G, Octopus Energy and DSL Group. The event is an opportunity to build lasting partnerships with businesses, giving investors the certainty and confidence they need to drive growth in the UK, the government insists.

In preparation for the summit, Starmer will chair the first Council of Nations and Regions in Scotland on Friday. The meeting will bring together leaders from Scotland, Wales, Northern Ireland and regional mayors from across the UK to discuss investment and growth strategies.

The government on Friday unveiled a significant investment of 21.7 billion pounds ($28 billion) in carbon capture initiatives, underscoring its commitment to sustainable growth and economic expansion. The current exchange rate is quoted as 1$ and £0.7624.

Reuters contributed to this article.

This message is translated with the help of artificial intelligence. For more information, see our Terms of Use.