British Government’s International Investment Summit

LONDON (Reuters) – The new British government’s first international investment summit will feature senior executives from companies including Google, Wayve, and Brookfield Asset Management (TSX:BAM), the government said on Saturday.

The summit, on Oct. 14, aims to ramp up foreign direct investment to improve economic growth, Prime Minister Keir Starmer‘s primary mission since being elected in July.

Last month, Elon Musk, the CEO of Tesla (NASDAQ:TSLA) and owner of X, criticized Britain after reports he had not been invited to the summit.

The government announced that speakers would include:
– Ruth Porat, President and Chief Investment Officer, Alphabet (NASDAQ:GOOGL) and Google
– Alex Kendall, CEO of Wayve
– Bruce Flatt, CEO of Brookfield Asset Management

This event is sponsored by major financial institutions including Barclays, HSBC, Lloyds (LON:LLOY), M&G, Octopus Energy, and TSL Group.

The government stated, “The event will provide an opportunity for the government to establish enduring partnerships with businesses to boost investment in the UK and to give investors the certainty and confidence they need to drive growth.”

Additionally, Starmer will convene the first Council of Nations and Regions in Scotland on Friday, bringing together leaders from Scotland, Wales, Northern Ireland, and regional mayors from England to discuss investment and growth ahead of the summit.

The government also announced a 21.7 billion pounds ($28 billion) investment for carbon capture projects.

($1 = 0.7624 pounds)