U.K. Labour Government Hosts Inaugural International Investment Summit

The Leader Globe24 Oct, 2024Business

On Monday, the U.K. Labour government hosted its first International Investment Summit in London, aiming to attract significant foreign capital and strengthen the nation’s economic prospects. Prime Minister Keir Starmer, along with Finance Minister Rachel Reeves and Business Minister Jonathan Reynolds, led the event at London’s Guildhall. The one-day summit gathered around 200 top executives from the U.K. and abroad, including notable names like former Google chair Eric Schmidt, Goldman Sachs CEO David Solomon, and BlackRock chief Larry Fink. The government used the event to emphasise the U.K.’s position as a prime business hub, promoting investment opportunities in key sectors such as artificial intelligence, life sciences, and infrastructure. A highlight of the summit was the presence of Poppy Gustafsson, co-founder of the cybersecurity firm Darktrace and newly appointed Investment Minister, who was tasked with showcasing the U.K. as a destination for global businesses.