London Investor Summit: Billions Pledged for UK Growth

At a London investor summit hosted by British Prime Minister Keir Starmer, global firms pledged billions in investment across the UK. Key announcements included Iberdrola's £12 billion doubling investment in Scottish Power, DP World's £1 billion upgrade for London Gateway, and Eli Lilly's £279 million in life sciences.

British Prime Minister Keir Starmer played host to leading global business figures in London this Monday, spearheading an investor summit that saw companies commit substantial financial pledges to Britain's future. The notable gathering was distinguished by the announcement of billions of pounds in investment.

Among the most significant contributions, Spanish renewable energy giant Iberdrola revealed plans to inject £12 billion to double its investment in its Scottish Power unit, aiming for a total of £24 billion over the next four years. This strategic move underscores the company's commitment to bolstering renewable energy infrastructure.

Furthermore, UAE-based DP World is set to invest £1 billion into the London Gateway port, accelerating its expansion into Britain's largest container terminal within five years. Additionally, U.S. pharmaceutical powerhouse Eli Lilly will bolster the UK's life sciences sector with a £279 million investment as part of a government-aligned partnership.

(With inputs from agencies.)