Billions Flow into Britain's Future: A New Era of Investment

Global business leaders met in London for an investor summit hosted by British Prime Minister Keir Starmer. Companies pledged billions in investments, including Iberdrola's 12 billion pound investment in Scottish Power, and substantial contributions from U.S. firms in data infrastructure, logistics, and life sciences.

British Prime Minister Keir Starmer welcomed high-profile business leaders to London on Monday for a significant investor summit. The event saw companies committing billions of pounds in fresh investments into the UK economy.

Spanish renewable energy giant Iberdrola announced plans to invest 12 billion pounds, doubling its commitment to its Scottish Power subsidiary. Meanwhile, U.S. firms, including ServiceNow, CyrusOne, CloudHQ, and CoreWeave, pledged a total of 6.3 billion pounds toward advancing data centre technology in Britain.

Additionally, UAE's DP World committed 1 billion pounds to expand London Gateway, aiming to make it the UK's largest container terminal within five years. Notably, Stansted Airport will undergo a 1.1 billion pound expansion, and Eli Lilly will invest 279 million pounds in British life sciences, further enhancing collaboration with the government.

(With inputs from agencies.)