Yesterday, in Washington DC, the Prime Minister discussed US-UK cooperation on economic security and secured £14 billion in new investment for the UK, delivering on this Government’s promise to grow the economy and create thousands of new jobs.
This includes £583 million of investment in projects such as World Fuel Services and Meld’s green hydrogen facility in Hull, a new Mars facility in the London Gateway Freeport, and a new HCA Healthcare facility in Birmingham. Between them, these new investments will create almost 2,500 jobs.
Further investments by US companies in the UK include £9 billion from investment management company BlackRock – taking BlackRock’s total UK investment to £500 billion, £2.4 billion invested by Blackstone, £2 billion invested by KKR, and £521m invested by CD&R.
In recent months, the world has seen an increasing number of hostile states using economic coercion to their advantage. That is why it is vital that the UK build on our alliance with the United States to protect our economy.
The Prime Minister has, rightly, been using his visit to Washington to drive forward cooperation on economic security, advocating further joint action to strengthen supply chains and support new industries.
An enhanced economic relationship with the US will help deliver on our promise to grow the economy, create new jobs, and keep our people safe for years to come.
Only the Conservatives can be trusted to deliver on the priorities of the British people.
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