International investment summit

The government hosted an international investment summit on 14 October 2024. It aimed to attract investment into the UK and provided an opportunity for the government to announce some of its policies on attracting investment. The summit covered a range of sectors including technology and AI, healthcare, green infrastructure and the creative industries.

The summit came ahead of the budget on 30 October, where the Chancellor will announce tax and spending plans for the first time since taking office in July.

The government said that £63 billion of private investment in the UK had been announced in the lead up to or at the summit. This included investments in data centres, offshore wind and carbon capture and storage amongst other green infrastructure. It has been reported that much of this capital was already committed or would have been regardless of the summit.

The previous Conservative government hosted global investment summits in 2021 and 2023.