LONDON – The new British government’s first international investment summit will feature senior executives from companies including Google, Wayve, and Brookfield Asset Management (NYSE: BAM), the government said on Saturday.
The summit, on October 14, is aimed at ramping up foreign direct investment to help improve economic growth, Prime Minister Keir Starmer’s primary mission since being elected in July.
Last month, Elon Musk, the CEO of Tesla (NASDAQ: TSLA) and owner of X, criticized Britain after reports he had not been invited to the summit.
The government said speakers would include Ruth Porat president and chief investment officer, Alphabet (NASDAQ: GOOG) and Google; Alex Kendall, CEO of Wayve; and Bruce Flatt, CEO of Brookfield Asset Management.
It said Barclays, HSBC, Lloyds M&G, Octopus Energy, and TSL Group would sponsor the event.
“The event will provide an opportunity for the government to establish enduring partnerships with businesses to boost investment in the UK and to give investors the certainty and confidence they need to drive growth,” the government said in a statement.
It added that Starmer would on Friday convene in Scotland the first Council of Nations and Regions, bringing together the leaders of Scotland, Wales, and Northern Ireland and regional mayors from across England to discuss investment and growth ahead of the summit.
On Friday, the government announced it planned to invest 21.7 billion pounds ($28 billion) in carbon capture projects.
($1 = 0.7624 pounds)
(Source: ReutersReuters)
