UK announces almost £30 bn of private investment at CEO summit

Prime Minister of the United Kingdom Rishi Sunak on Monday announced £29.5 billion of private funding for new UK projects as more than 200 CEOs descended on London for the 2023 Global Investment Summit.

The UK government said the new investment would create 12,000 jobs including tech, life sciences, renewables, housing and infrastructure. "Attracting global investment is at the heart of my plan for growing the economy," he said. It is the second edition of the summit, which was first held in 2021.