Top Buzz Trends
No Result
View All Result
  • Netflix
  • Gaming
  • Tech
  • Amazon Prime
  • HBO Max
  • Disney+
  • More
    • Entertainment
    • Celebrity News
    • Movies
    • TV Shows
    • Paramount+
    • Hulu
    • Apple TV
    • Google TV
  • Netflix
  • Gaming
  • Tech
  • Amazon Prime
  • HBO Max
  • Disney+
  • More
    • Entertainment
    • Celebrity News
    • Movies
    • TV Shows
    • Paramount+
    • Hulu
    • Apple TV
    • Google TV
No Result
View All Result
Top Buzz Trends
  • Netflix
  • Gaming
  • Tech
  • Amazon Prime
  • HBO Max
  • Disney+
  • More
Home Politics

Foreign investment deals to create 30,000 jobs in the UK, the government says

by BBC News
October 20, 2021
in Politics
Reading Time: 7 mins read
0

The low-carbon foreign investment deals in the UK that will be announced on Tuesday will create around 30,000 jobs, the government said.

Prime Minister Boris Johnson will announce 18 new deals worth £ 9.7 billion at the opening of a global investment summit.

They include investments in sectors such as wind and hydrogen energy, sustainable housing and carbon capture.

The prime minister said investors recognized “the huge potential in the UK for growth and innovation”.

Investments from companies like Spanish energy company Iberdrola, logistics company Prologis and food service Getir would fuel the UK’s economic recovery and help meet the government’s leveling agenda, he added.

Johnson will open the Global Investment Summit in London on Tuesday, bringing together more than 200 corporate executives.

The government has assembled a formidable guest list from the great and the good of global business for an investment summit that it hopes will alert other international investors to opportunities in the UK.

The heads of the largest investment firm in the world, Blackrock, the largest bank in the United States, JP Morgan, as well as the heads of energy giants such as EDF will gather at the Science Museum in London.

Announcements of nearly £ 10bn of UK investment have been scheduled to coincide with the event.

By far the largest single investment is in the Spanish company Iberdrola, which owns Scottish Power. Its announcement of an additional £ 6bn in offshore wind investments – on top of £ 10bn over the past five years – will solidify the UK’s position as a world leader in offshore wind, just two weeks before the major climate summit in Glasgow.

The recent rise in gas prices has brutally exposed the UK and EU’s dependence on fossil fuels, which could also encourage French company EDF that their plans for a new Sizewell nuclear power plant in Suffolk will get the government’s blessing. . The EDF president is expected to have a working lunch with the secretary of affairs, Kwasi Kwarteng.

The government hopes this summit will help reverse the declining trend in foreign investment in new projects since 2015.

Next, Johnson will take part in a panel discussion with Microsoft cofounder and philanthropist Bill Gates on the role of private companies in tackling climate change.

Iberdrola, which owns Scottish Power, will confirm it will invest an additional £ 6bn in offshore wind farms off the Suffolk coast.

Wind turbines in its East Anglia “hub” are set to create around 7,000 jobs, though they have yet to obtain planning permission.

Prologis will commit to investing £ 1.5 billion in the UK over the next three years to develop zero-carbon warehouses in London, the South East and the Midlands, supporting around 14,000 new jobs.

“We believe that private sector innovation has, and will continue to play, an important role in overcoming the environmental challenges facing the world today,” said Hamid Moghadam, chief executive of Prologis.

Meanwhile, Getir plans to invest more money in expanding its businesses across the UK. The company uses a fleet of electric vehicles and aims to create around 7,000 permanent jobs in 2022.

Ultimate Battery Company will also invest £ 28 million in setting up a UK plant for environmentally friendly batteries.

On Tuesday, the UK government is expected to announce its overall strategy to radically reduce greenhouse gas emissions from all sectors, including industry, agriculture, transport and housing.

The government has pledged to drastically reduce emissions by 2035 and reach net zero by 2050, which means the country will absorb as much carbon dioxide (through actions like tree planting) as it emits.

The announcements come just two weeks before the start of the COP26 climate summit in Glasgow, one of the largest global gatherings to date on how to tackle global warming.

Read More about Politics News here.

RELATED POSTS

The Prime Minister confirms that he is not in favor of the new coal mine in the UK

COP26: World leaders must act on climate change – Boris Johnson

Brexit: UK-EU controversy over Northern Ireland intensifies

This Article is Sourced from BBC News. You can check the original article here: Source

ADVERTISEMENT
ShareTweetShareSend
BBC News

BBC News

Related Posts

Politics

The Prime Minister confirms that he is not in favor of the new coal mine in the UK

November 1, 2021
Politics

COP26: World leaders must act on climate change – Boris Johnson

November 1, 2021
Politics

Brexit: UK-EU controversy over Northern Ireland intensifies

November 1, 2021
Politics

Tighten rules on the conduct of ministers, says the standards supervisor

November 1, 2021
Politics

The COP26 is the sedan of the last chance – Prince Charles

November 1, 2021
Politics

COP26: Boris Johnson says “no excuses” for not addressing climate change

October 31, 2021

Popular - Posts

  • Minecraft Patch Notes 2.45 Update Today on July 27, 2022

    Minecraft Patch Notes 2.45 Update Today on July 27, 2022

    1 shares
    Share 0 Tweet 0
  • Tom Hanks hails the owner of the Edinburgh bookshop as his “hero”

    0 shares
    Share 0 Tweet 0
  • The Division 2 Patch Notes 1.42 Update Today on August 09, 2022

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
Minecraft Patch Notes 2.45 Update Today on July 27, 2022

Minecraft Patch Notes 2.45 Update Today on July 27, 2022

July 27, 2022
Top Buzz Trends

What to Watch on Hulu Right Now: Top TV Shows to Watch This Week – August 06, 2022

August 6, 2022
Don’t Starve Together Patch Notes 2.52 Update Today on August 06, 2022

Don’t Starve Together Patch Notes 2.52 Update Today on August 06, 2022

August 6, 2022
Top Buzz Trends

What to Watch on Hulu Right Now: Top Movies to Watch This Week – August 06, 2022

August 7, 2022
The Division 2 Patch Notes 1.42 Update Today on August 09, 2022

The Division 2 Patch Notes 1.42 Update Today on August 09, 2022

August 9, 2022
MLB The Show 22 Patch Notes 1.13 Update Today on August 09, 2022

MLB The Show 22 Patch Notes 1.13 Update Today on August 09, 2022

August 9, 2022
Elite Dangerous Patch Notes 1.68 Update Today on August 09, 2022

Elite Dangerous Patch Notes 1.68 Update Today on August 09, 2022

August 9, 2022
Elden Ring Patch Notes 1.06 Update Today on August 09, 2022

Elden Ring Patch Notes 1.06 Update Today on August 09, 2022

August 9, 2022
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Editorial Policy
  • Terms and Conditions
  • Use Of Cookies

Top Buzz Trends
Top Buzz Trends is not endorsed, moderated, owned by, or affiliated with TopBuzz or any of its partners in any capacity. Top Buzz Trends is an independent news website for Entertainment, Movies, TV Shows, Netflix, Games, and Gadgets, Software, Computers, Smartphones, and more. All promotional material including but not limited to trailers, images, and videos, are all copyrighted to their respective owners. TopBuzz is a registered trademark of ByteDance Ltd.
© 2022 Top Buzz Trends - All Rights Reserved.

No Result
View All Result
  • Netflix
  • Gaming
  • Tech
  • Amazon Prime
  • HBO Max
  • Disney+
  • More
    • Entertainment
    • Celebrity News
    • Movies
    • TV Shows
    • Paramount+
    • Hulu
    • Apple TV
    • Google TV

Top Buzz Trends
Top Buzz Trends is not endorsed, moderated, owned by, or affiliated with TopBuzz or any of its partners in any capacity. Top Buzz Trends is an independent news website for Entertainment, Movies, TV Shows, Netflix, Games, and Gadgets, Software, Computers, Smartphones, and more. All promotional material including but not limited to trailers, images, and videos, are all copyrighted to their respective owners. TopBuzz is a registered trademark of ByteDance Ltd.
© 2022 Top Buzz Trends - All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version
We use cookies for various purposes including analytics and personalized marketing. By continuing to use the service, you agree to our use of cookies. - Cookie Policy
Protected by Patchstack