- Chancellor pledges that landmark Regional Investment Summit
will attract investment, jobs and growth that makes people better
off wherever they live in the country.
- With one month to go, Eon, Lloyds and KPMG, HSBC and IBM have
already been confirmed as sponsors for the Birmingham summit.
- Comes as Mayor of the West Midlands and Leader of Birmingham
City Council announce launch of the biggest Mayoral Development
Corporation in the country to create tens of thousands of jobs
and add billions to the local economy.
has fired the starting gun on
the government's landmark Regional Investment Summit, pledging
that “no region will be locked out of investment”.
The summit will bring together business leaders and major
investors with policymakers, regulators, regional mayors and
other local leaders to showcase the breadth and depth of
opportunities to invest, expand and create jobs right across our
nations and regions.
Building on the 10 Year Infrastructure Strategy and Industrial
Strategy, the summit will highlight the UK's regional investment
opportunities in areas such as housing, infrastructure, AI and
energy. It will show how this government is reversing the
underinvestment some parts of the country have suffered for too
long which will deliver jobs and economic growth that puts more
money in the pockets of people who live there.
With the most recent figures showing business confidence and
investment appetite in the UK is at record highs, the Chancellor
has pledged that no region will be locked out of the investment,
jobs and growth being delivered as part of the government's Plan
for Change.
Chancellor of the Exchequer, , said:
Under this government no region will be locked out of investment.
Business confidence is at its highest level since 2015, private
sector activity expanded at the fastest pace in a year in August,
and top CFOs have ranked the UK as the top investment destination
in the world.
Our opponents want to talk down Britain's economy. But whilst the
economy isn't broken, for many it feels stuck, which is why I'm
determined to attract more investment into every region of the UK
so we can build an economy that works for, and rewards, working
people.
Backed by major corporations including Eon, Lloyds, KPMG, HSBC
and IBM, the summit will be hosted in Birmingham on Tuesday 21
October, and will be co-hosted by the Chancellor, the Business
and Trade Secretary, and West Midlands Mayor , with business leaders,
international investors, and policymakers from home and abroad in
attendance.
Business and Trade Secretary, , said:
The UK has become the world's most attractive investment
destination, and this Summit is a prime opportunity to show
investors why Britain is truly the best place to do business.
We have the most open, stable and connected economy in the world
– backed by our modern Industrial Strategy – and our Plan
for Change is encouraging more international companies to invest
here, helping to deliver growth and jobs in every region of the
UK.
, Mayor of the West
Midlands, said:
The first Regional Investment Summit is a chance to show the
world the strength of the West Midlands and all our regions - we
are brimming with opportunities for investors.
This Summit is about putting our ideas, our people, our
opportunities and our businesses on the map - and I'm excited to
welcome partners from the globe to see first-hand why the West
Midlands is the place to invest.
This comes as , alongside the Leader of
Birmingham City Council, John Cotton, today (22 September)
announces the launch of the biggest and most ambitious Mayoral
Development Corporation in the country.
It will incorporate the £3 billion Birmingham Sports Quarter, the
£4 billion Birmingham Knowledge Quarter, the HS2 station at
Curzon Street, the £2 billion Smithfield development, and a major
creative industries hub in Digbeth.
This new corporation – part of a wider Mayoral Development Zone –
will create tens of thousands of jobs and add billions to the
local economy.
The government's modern Industrial Strategy is also helping to
deliver long-term growth right across the UK by driving
investment into the economy and hardwiring stability for
investors, giving them the confidence to plan not just for the
next year, but for the next 10 years and beyond.
