US to invest £150bn in UK, promising thousands of jobs

During the state’s visit of US President Donald Trump, the US investment of 150 billion pounds that broke a record in England was announced.

The British government calls it the biggest commercial agreement of its kind and expects to create more than 7,600 “high -quality work” throughout the country.

The vast majority of money will come from Blackstone, the world’s largest alternative asset manager, who announced plans for an investment of 90 billion pounds in the UK in the next decade.

Prime Minister Sir Keir Starmer said that investments are “evidence of the economic power of England and a bold signal that our country is open, ambitious and ready to lead.”

“Things, growth and opportunity, what I promise for working people, and this state visit is exactly what it presents.”

On Thursday, Major Britain and US investors will meet the Prime Minister and Trump in Dama to discuss how to deepen the economic ties of both countries and their future cooperation.

Blackstone announced in June that it will invest £ 370 billion in Europe in the next decade.

At the beginning of this week, Microsoft promised to spend £ 22 billion in the UK in the next four years, while Google promised £ 5 billion to expand an existing data center in Hertfordshire in the next two years.

These investments will also help to act as a strong counter -weight to the investment output in the pharmaceutical sector.

However, the investments announced by Google and Microsoft are less than 4% of their annual expenditures, and 7,600 jobs, which they hoped to be created, have few compared to 160,000 payrolls lost since last year.

Blackstone’s big investment, in addition to £ 10 billion, previously announced to develop data center in the UK.

Real Estate Investment Partnership Prologis will also invest £ 3.9 billion in the UK’s life sciences and advanced production.

Palantir will invest £ 1.5 billion in the British defense innovation and plan to create a new job up to 350.

American Tech Company Amentum plans to create more than 3,000 jobs and expand the UK labor force of more than 50%.

Boeing said it would transform two 737 aircraft for the US Air Force in Birmingham, which will be the first USAF aircraft built in the UK for more than 50 years and could create 150 high -quality business.

The US engineering company Stax has committed up to 38 million pounds to expand the UK operations.

A total of 7,600 promised work is intended to be in all areas of the UK.

This will include 1,000 new business in Belfast and 6,000 more to the northeast of Warrington, Midlands and the UK from Glasgow.

Business and Trade Secretary Peter Kyle said that the agreement reflects the increasing confidence in the British industrial strategy.

“These record -breaking investments will create thousands of high -quality business throughout England,” he said.

The government said he wanted to give “real opportunities for working people”, including apprenticeship and biotechnology and artificial intelligence careers in clean energy.

This comes before the signing of the technology welfare agreement on Thursday, which is a new agreement to accelerate the construction of new nuclear energy in both the US and the UK.