Foreign investment in the UK is expected to be announced today

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Foreign investment in the UK is expected to be announced today

This may include advertisements by us and 3rd parties based on our understanding. It comes after the government confirmed that Prime Minister Boris Johnson secured almost 10 billion in foreign investments ahead of Global Investment Summit. The event today will see Mr Johnson unveil 18 new deals in sectors such as wind energy, hydrogen energy, sustainable homes and carbon capture. Bill Gates hosted 20 of the world s most powerful executives including Liz Truss at Number 10.

The Chancellor, Rishi Sunak, hosted 320 summit attendees and ministers at a dinner in City. It comes after Mr Macron griffinised on the strict quarantine laws by inviting 120 foreign executives to his event in Versailles in June. A Whitehall source told the Telegraph that Mr Johnson will announce substantial more investments today.

But some of the deals are said to have been secured before last night's dinner. ScottishPower s 6 billion investment through Iberdrola for an East Anglia offshore wind farm was originally announced in 2019. Ignacio Gal n, the chairman of Iberdrola, said: Our investment in the East Anglia Hub would be a significant step to achieving enough offshore wind power for every UK home by 2030. A spokesman of the Department for International Trade said that this was the first time that the Iberdrola Chairman had made a personal commitment to invest 6 billion into the UK. In Poland, state-owned energy company EDF offered to build nuclear reactors in France. The librarian is going to put out thousands of pounds for a green switch.