Reynolds pledges Labour will convene an annual business and investment summit in government

Labour’s Shadow Business and Trade Secretary Jonathan Reynolds has today announced that a Labour Government will convene an annual business and investment summit to ensure Britain is on the front foot, with the flagship event to become an opportunity to showcase Britain as an investment destination should Labour form the next Government.

The announcement comes ahead of 400 senior business leaders gathering for Labour’s Business Conference in central London, with guests being addressed by Keir Starmer, Rachel Reeves, and Jonathan Reynolds.

Building on the success of the Party’s last business conference and the party’s convening power this will be the largest-ever gathering of international, national and regional business leaders the Party has hosted including senior business leaders from companies such as Google, Shell, AstraZeneca, Airbus, and Goldman Sachs.

400 senior business leaders, including FTSE 100 CEOs from a range of companies, will be in attendance for the main conference and an additional 200 international investors and international ambassadors will then join for a Business and International Reception. Tickets for the event sold out in four hours and hundreds still on the waiting list to attend.

The day will include roundtables between CEOs, sector leaders and Shadow Cabinet members to ensure that a Labour Government can unleash the power of the private sector to grow the stagnant economy.

Ahead of the landmark conference, Labour’s Shadow Business Secretary Jonathan Reynolds has today promised to bring back transparency and accountability for how Government and business works together and promises an end to ‘VIP lanes’.

Labour has already committed to establish an Office Of Value For Money and pledged to stamp out inexcusable amounts lost due to fraud and faulty PPE during the pandemic.

Jonathan Reynolds MP, Labour’s Shadow Business Secretary, said remarking on the announcement.

“Labour is the Party of business. A future Labour Government will work with wealth creators to ensure our economy is growing again, with good jobs and opportunities in every part of our country. It’s clear business wants to hear from Labour, and we want to work with business in Government to ensure this partnership delivers money and opportunity is flowing into Britain.

“There will be no back doors or special access for donors under a Labour Government. The public and honest businesses have had enough of Conservative sleaze and scandal. Labour will bring integrity back to how the Government and business works together to solve the big challenges in our country. We will always treat taxpayer money with the same respect a businesses treats customers money.

“Labour is proud that businesses, investors, and workers alike can have faith in Labour’s plans to turn our economy around after decades of Conservative malaise. British business will have a bright future under Labour.”